# What Is The Difference Between Penny Weight And Grams Of Gold?

## 4 Answers

Anonymous answered
1 gram of gold = 0.643 penny weight of gold

18.6 grams = 0.643 x 18.6 = 11.958 penny weight.
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Anonymous answered
I have a bracelet that is 61 penny weight.  It is 14 kt gold.  How much is the worth of the bracelet?
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Anonymous answered
Funny10 your bracelet would be worth today that is at the gold market price of \$1227 per troy oz
\$2189.27 but you would not get that from gold buyers. If you wanted to sell it my best idea is to call around and ask them what they are paying per penny  weight for 14k gold They will tend to give you the run around on price.
The Math -
61 / 20 = 3.05 troy oz 3.05 x 3742.35
3742.35 x .585(14k) = 2189.27
20 penny weight in a troy oz
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Anonymous answered
A pennyweight is the standard unit of measurement in the jewerly industry. Most jewerlers use this as a unit of measurement. Plus, the buyer is only buying for metal not the design or anything of that nature. You won't be able to get actually what you paid for the item. I work for a Gold Buyer company, which has been on NBC, ABC, OPRAH, ETC....You can visit their website at www.southeastgoldbuyers.com Thanks! Hope I helped you out.
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