Home › Weights and Measures › Weights and Measures: Money

Weights and Measures: Money

UNITED STATES MONEY The unit of United States or Federal money is the dollar. = TABLE. 10 mills (m.)=1 cent... 10 cents 1 dime. 10 dimes = 1 dollar. 10 dollars - 1 eagle.

Scale: decimal. .. .ct. d. $ e.

The dollar mark is probably a combination of U. S., the initials of the words "United States."

The coins of the United States are:

Gold. The double eagle, eagle, half eagle, quarter eagle, and one-dollar piece.

Silver. The dollar, half dollar, quarter dollar, and ten-cent piece.

Nickel. The five-cent piece.

Bronze. The one-cent piece.

There are various other coins of the United States in circulation, but they are not coined now. The denominations dimes and eagles are rarely used, the dimes being regarded as cents and the eagles as dollars. The unit of value is the dollar. Its standard weight in gold is 25.8 gr.

The standard purity of the gold and silver coins is by weight, 9 parts of pure metal and 1 part alloy. The alloy of gold coins consists of silver and copper; the silver, by law, is not to exceed one tenth of the alloy. The alloy of silver coins is pure copper.

The nickel coins consist of one fourth nickel and three fourths copper. The cent is composed of 95 parts copper and 5 parts tin and zinc.

All gold coins are a legal tender for any amount; silver coins less than $1 are legal tender for any amount not exceeding $10 in any one payment; nickel and bronze coins, for any amount not exceeding 25 cents in any one payment.

Aliquot Parts of a Dollar.-When the price of an article is an aliquot part of a dollar, the cost of any number of such articles may be found more readily than by multiplying.