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pennyweight

[pen-ee-weyt] /ˈpɛn iˌweɪt/
noun
1.
(in troy weight) a unit of 24 grains or 1/20 of an ounce (1.56 grams).
Abbreviation: dwt, pwt.
Origin
1350-1400
1350-1400; Middle English penyweight, Old English penega gewihte. See penny, weight
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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British Dictionary definitions for penny-weight

pennyweight

/ˈpɛnɪˌweɪt/
noun
1.
a unit of weight equal to 24 grains or one twentieth of an ounce (Troy)
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Word Origin and History for penny-weight

pennyweight

n.

Old English penega gewiht, originally the weight of a silver penny; see penny + weight (n.).

Online Etymology Dictionary, © 2010 Douglas Harper
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10
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