At one time gold was valued as a certain dollar value to a weight of gold and silver. Since Nixon took us off the gold standard, that ratio was lost.
In the Coinage Act of 1834, Congress adjusted the gold eagle: "Each eagle shall contain two-hundred and thirty-two grains of pure gold." This brought into legal equivalence 3712.5 grains of silver and 232 grains of gold. The ratio was 1:16.

Posted via Steemleo