Carat (mass) g or possibly up to 5 g less. Therefore, the metric equivalent of 1 "siliqua" was approximately 189 mg. The Greeks had a similar unit of the same value. Gold fineness in carats comes from carats and grains of gold in a solidus of coin. The conversion rates 1 solidus = 24 carats, 1 carat = 4 grains still stand. Woolhouse's "Measures, Weights and Moneys of all Nations" gives gold fineness in carats of 4 grains, and silver in pounds of 12 troy ounces of 20 pennyweight each. Carat (mass) The carat (ct) (not to be confused with the karat,
Silver center cent of the new nation's coinage should be approximately equal to its face value. Some merchants would refuse to accept coins that did not meet this standard. For most denominations, bullion parity was achieved by producing the coins in a gold or silver alloy. However, the Coinage Act of 1792 specified that the cent was to consist of 11 pennyweight (264 grains or 17.1 g) of pure copper. Such a weight, needed to maintain intrinsic value, would have been too heavy for practical everyday use. U.S. Secretary of State Thomas Jefferson suggested an alternative: a coin made of an alloy that