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FOR BETTER OR WORSE:
"Shall I count them pure with the wicked balances, and with the bag of deceitful
weights?" (Micah 6:11)
THE DEVALUATION OF THE DOLLAR
| The Coinage Act of 1792
|
26.96 grams | 416 grains 371.25 silver .892 fine |
24.75 gold 916.666 fine |
| 1804 | Discontinued | ||
| 1837 | 412.5 grains silver .900 fine |
gold .900 fine |
|
| 1840
|
26.73 grams .77344 oz. silver |
.900 fine | |
1849 |
 |
25.8 grains .900 fine |
|
| 1873 | Discontinued | ||
1878 |
26.73 grams .77344 oz. silver |
||
| 1889 | Discontinued | ||
| 1904 | Discontinued | ||
1921 |
26.73 grams .77344oz. silver |
||
| 1934 | Hoarding gold prohibited at home | ||
| 1935 | Discontinued | ||
| 1961 | Hoarding gold prohibited at home | ||
1971 |
silver clad 24.59 grams .3161oz. silver |
400. fine clad: 800 silver 200 copper core: 209 silver 791copper |
copper-nickel clad 22.68 grams clad: 750 copper 250 nickel core: copper |
| 1975 | Prohibition of hoarding gold removed | ||
1979 |
copper-nickel clad 8.1 grams |
clad: 750 copper 250 nickel core: copper |
|
2000 |
Manganese-Brass clad 8.1 grams |
clad: 770 copper 120 zinc 070 Manganese 040 Nickel core: copper |
"The question in the form of morals, in not what a dollar will
buy, but what a dollar is."
Horace White, Money and Banking, 219