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The Goldback is a fractional gold commercial product marketed as a local currency which has seen limited use in some U.S. states, and sold and marketed by Goldback, Inc. of Utah. The Goldback contains a thin layer of gold within a polymer coating equivalent to 1/1000 of an ounce.
using price quotes for silver . This W3C-unspecified vector image was created with Inkscape. Author: Rfassbind: Licensing. ... current: 16:28, 21 April 2015: 383 × ...
In 1792, the gold/silver price ratio was fixed by law in the United States at 15:1, [11] which meant that one troy ounce of gold was worth 15 troy ounces of silver; a ratio of 15.5:1 was enacted in France in 1803. [12] The average gold/silver price ratio during the 20th century, however, was 47:1. [13]
The Spanish silver dollar created a global silver standard from the 16th to 19th centuries. The silver standard [a] is a monetary system in which the standard economic unit of account is a fixed weight of silver. Silver was far more widespread than gold as the monetary standard worldwide, from the Sumerians c. 3000 BC until 1873.
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The mark used in the market of Cologne (Cologne mark: 233.856 g, 8.2490 oz) was used to define the value of the official gold and silver currencies of the Holy Roman Empire including the Reichsthaler silver coin. In 1566, a Reichsthaler was introduced of which 9 were to be minted from a Cologne mark of fine silver.