Celebrating over 30 years in the industry!  Specializing in the Salmon River Region.

The Claim Post - Representing the finest in gold property listings.

Quality Unpatented Mineral Properties For Sale  Phone: (540) 207-8627                                        © Copyright 2012 The Claim Post. All rights reserved.

A pennyweight (ab. dwt.) is equal to 1.5552 grams. 24 grains

Historically, a penny's weight was literally (as well as monetarily) 1/240th of a troy pound of sterling silver.  While "dwt" is the most common abbreviation for pennyweight (as "d" was the abbreviation for "penny" in the pre-decimalisation British system), some sources list "pwt" or "PW" as an alternative.                                                    

1 PENNYWEIGHT                                                       $40.00 prox.

considering gold market values at $800.00 oz.

• Clean fine gold can be sold at 80-100% daily spot price prox. (depending upon the Buyer).
  

• Smaller to medium sized nuggets (apprx.1-pwt.) can be sold slightly over spot.
  

• Medium sized nuggets (1-5 pwt.) generally sell for 10% over spot.
  

• Half ounce nuggets or larger typically command 1-3 times spot.
  

Live Market Chart

8 hour (New York) $US Dollar price per ounce