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
Comparison of the imperial and US customary measurement systems "troy pound" () on January 6, 1879, leaving only the "troy ounce" () and its decimal subdivisions, whereas the troy pound (of 12 troy ounces) and pennyweight are still legal in the United States, although no longer widely used. In all the systems, the fundamental unit is the pound (lb), and all other units are defined as fractions or multiples of it. The tables of imperial troy mass and apothecaries' mass are the same as the corresponding United States tables, except for the British spelling "drachm" in the table of apothecaries' mass. The table of imperial avoirdupois mass is the