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 The selection of the worth 371 grains arose from Alexander Hamilton's determination to base The brand new American device on the typical pounds of a array of worn Spanish dollars. Hamilton obtained the treasury to weigh a sample of Spanish bucks and the common pounds arrived out to become 371 grains. A fresh Spanish dollar was normally about 377 grains in weight, and so The brand new U.S. greenback was at a slight discounted in relation to your Spanish greenback.
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