$9600 Silver

Silver needs to be denominated in market appropriate numerals. The Troy Grain (Tgn) fits the bill at 480 grains per Troy oz. Given $9600.00 Silver, the new denominated amount would be $20/Tgr. . Why? .. because I like even numbers. Presently Silver is trading at just below $4.00/Tgn.

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Gresham's Law
by: Anonymous

Do not go there... Do NOT denominate precious metals in currency amounts. Any time the price of a metal rises above its printed currency amount, it disappears out of circulation. That is bad money chasing good money out of circulation.

No, what you need to do is price things by the ounce and its fractions. You might use metric fractions of try ounces or use grams/micrograms of silver/gold to price things. In other words, a shirt would be worth so many micrograms of silver each, or a house would be worth so many ounces of silver/gold. What does the phrase "honest weights and measures mean?" Think about it.

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