Last week, we covered how the Dollar originated, and learned that a Dollar was originally a measurement of a specific quantity of gold or silver. Specifically, one dollar meant a coin consisting of 375.64 grains of silver, or 15.238 grains of gold (going forward, we will switch to the more familiar troy oz). As a unit of measure, one could not properly claim to have a dollar in their pocket, but rather a dollar in … read more Newsletter #138 From Thaler to Dollar
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