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Approximately 33¢ per troy ounce.
To work it out you would take the following steps:
1 troy ounce = 31.1 grams
There are many different bronze alloys but modern bronze is typically 88% copper and 12% tin.
Today copper is around $4.00 (for simplicity)
Today tin is around $12.00 (for simplicity)
Pounds to troy ounces = 1 pound = 14.5833333 troy ounces
So the final calculation
Copper is $4 / (divided by) 14.5833333 = 0.2742857205551022 about 27c
Tin is $12 / (divided by) 14.5833333 = 0.8228571616653066 about 82c
88% copper (from the above alloy percentage) = 27c/100x88= 23c
12% tin (from the above alloy percentage) = 82c/100x12= 10c
Final answer 1 troy ounce of the alloy bronze at today's spot price is approximately 23¢+10¢ = 33¢
Wiki User
∙ 13y ago
Wiki User
∙ 14y agoa grand of money and grand means 1000 for your info just if you wanted to know
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