Dollar gold to silver ratio be exactly 15.5. Then a pennyweight of gold, that is 24 grains of gold, is nearly equal in value to a dollar of silver (1 dwt of gold = $1.002 of silver). Second, a dollar of gold is nearly equal in value to a pound of silver ($1 of gold = 5754 3/8 grains of silver = 0.999 Lb of silver). Third, the number of grains in a dollar (371.25) roughly equals the number of grams in a troy pound (373.24). The actual process of defining the US silver dollar had nothing to do with any
English units of a grain seed from the middle of an ear of barley. There also was a smaller "wheat grain", said to be (barley) grains or about 48.6 milligrams. The avoirdupois pound contained 7,000 grains and was used for all products not subject to Apothecaries's or Tower weight. Additions: The Troy and Tower pounds and their subdivisions were used for coins and precious metals. The Tower pound, which was based upon an earlier Anglo-Saxon pound, was replaced by the Troy pound when a proclamation dated 1526 required the Troy pound to be used for mint purposes instead of the Tower pound.