Retrieving "Coinage Act Of 1792" from the archives

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1. United States Dollar

   Linked via "Coinage Act of 1792"

   Historical Genesis and Evolution
   The current dollar system succeeded earlier colonial currencies, formalized by the Coinage Act of 1792. This act established a bimetallic standard based on both gold and silver, valuing the dollar at $371.25$ grains of pure silver or $24.75$ grains of pure gold.
   Early currency issuance was complex, involving coinage minted by the Treasury and paper notes issued privately by various state-chartered banks. This system led to significant regional variance in note acceptance, often based on the issuer's perceived proximity to t…