The Pennyweight

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Bottom Feeder

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A pennyweight (dwt) is a unit of mass equal to 24 grains, 1⁄20 of a troy ounce, 1⁄240 of a troy pound, 48⁄875 avoirdupois ounce and exactly 1.55517384 grams. In the Middle Ages, an English penny's weight was 1⁄20 of a troy ounce and 1⁄240 of a pound of sterling silver.
At 1⁄20 of a troy ounce a pennyweight would be about 5¢, about 1⁄20 of a dollar in the 1800s.

a Pennyweight of silver today is $3.58
That used to be our nickle.
 
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