Well, there are 16 ounces in 1 pound, so there would be 4, 4 ounces in 1 pound bag and 4 x 3 = 12, so there would be 12, 4 ounces in a 3 pound bag, or 48 ounces total!
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there are 24 ounces in 1 pound and 8 ounces.
There are 16 ounces in a pound.
There are 16 dry ounces to the pound.
16 ounces = 1 pound so 31/4 ounces = 3.25/16 = 0.203125 pounds.
One pound of silver = 14.583 troy ounces