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<p>[QUOTE=&quot;fatima, post: 1310677, member: 22143&quot;]The concept isn&#039;t the same.&nbsp; The definition of a dollar was nothing more than an convenient assay and measure of a given quantity of gold or silver.&nbsp; Specifically, in 1792,&nbsp; the $ was defined as a number of grains of silver, then gold was defined as a ratio of that.&nbsp; People performed trade in measures of PM and it didn&#039;t matter if it was denominated or not.&nbsp; What the $ did provide was proof that your coin contained an exact measure of the substance as assayed and coined by the federal government.&nbsp; i.e. it was safe to use. </p><p><br /></p><p>While this definition held, and except during times when the governments issued paper (mainly during times of war) the value of the money remained approximately the same for 130 years.&nbsp;&nbsp; i.e. there was almost no inflation.[/QUOTE]</p><p><br /></p>

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