The component for casting Magic Circle is 100 gold pieces worth of Powdered Silver and Iron (or Holy Water, which we are not discussing here). 100 gold pieces is equivalent to 1000 silver pieces. At an average weight of one pound for 50 coins, that is 20 pounds of silver. Iron weighs less than silver (about 12% lighter) but is also worth much less, so adding more iron would probably only increase the weight.
How do you handle this in your game? Do you make your wizards carry 20 pounds of powder to cast Magic Circle one time? Is there an official interpretation of this component somewhere? What solutions have other DMs come up with?
The only idea I have come up with is that labor costs are high to powder any metal so that grinding a handful of silver costs 98 gold pieces - leaving about a half a pound of powder per casting.