American Open Currency Standard was Chair of the Committee. American Open Currency Standard American Open Currency Standard (AOCS) is a non-profit organization opposed to fiat money and wishing to expedite the use of metal as money. In accordance with its mission, AOCS grants approval to new currencies, helps new currency issuers to establish brand identity, and encourages merchants to accept AOCS-approved currencies. AOCS was started in 2007 by Robert Gray, who was formerly a Regional Currency Office for Liberty Dollar and is currently the Executive Director of AOCS. Robert Gray testified before the United States House Financial Services Subcommittee on Domestic Monetary Policy and
Cent (currency) Cent (currency) In many national currencies, the cent, commonly represented by the cent sign (a minuscule letter "c" crossed by a diagonal stroke or a vertical line: ¢; or a simple "c") is a monetary unit that equals of the basic monetary unit. Etymologically, the word "cent" derives from the Latin word "centum" meaning hundred. "Cent" also refers to a coin worth one cent. In the United States, the 1¢ coin is generally known by the nickname "penny", alluding to the British coin and unit of that name. In the European Union, coins designs are chosen nationally, while the reverse