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
Troy weight "troni" refers to markets. Watson finds the dialect word "troi", meaning a balance in Wright's Dialect Dictionary. Troy weight referred to the tower system; the earliest reference to the modern troy weights is in 1414. Many aspects of the troy weight system were indirectly derived from the Roman monetary system. The Romans used bronze bars of varying weights as currency. An ("heavy bronze") weighed one pound. One twelfth of an was called an , or in English, an "ounce". Before the adoption of the metric system, many systems of troy weights were in use in various parts of Europe, among