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<p>[QUOTE="Cloudsweeper99, post: 139413, member: 3011"]Silver dollars still continued to be minted with the Coinage Act of 1792 standard weight of 371.25 g which is the definition of a dollar. The price of silver measured in gold dollars after the shift to the gold standard was less than a gold dollar, but the intrinsic value of the silver dollar remained. The effect you cite refers to the exchage rate between the two as the eastern banking establishment, which kept its reserves primarily in gold, fought for market share against the faster growing western banks, which kept their reserves mostly in silver. It really has nothing to do with token coinage.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 139413, member: 3011"]Silver dollars still continued to be minted with the Coinage Act of 1792 standard weight of 371.25 g which is the definition of a dollar. The price of silver measured in gold dollars after the shift to the gold standard was less than a gold dollar, but the intrinsic value of the silver dollar remained. The effect you cite refers to the exchage rate between the two as the eastern banking establishment, which kept its reserves primarily in gold, fought for market share against the faster growing western banks, which kept their reserves mostly in silver. It really has nothing to do with token coinage.[/QUOTE]
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