IPA: /ˈpɛniˌweɪt/
KK: /ˈpɛn.iˌweɪt/
A unit of weight used in measuring precious metals, equal to 24 grains or 1/20 of a troy ounce, which is about 1.555 grams.
The jeweler measured the gold in pennyweights to determine its value.
Pennyweight is formed from "penny" (from Old English "pening", meaning a coin) and "weight" (from Old English "wēght", meaning heaviness or weight). The term pennyweight originally referred to the weight of a penny coin, which was used as a unit of measure in precious metals.
Think of a 'penny' as a coin and 'weight' as heaviness — pennyweight refers to the weight of a penny coin.