Evening Republican, Volume 21, Number 67, Rensselaer, Jasper County, 28 March 1918 — First United State's Dollar. [ARTICLE]

First United State's Dollar.

In 1786 the congress of the Confederation chose as the monetary unit of the United States the dollar of 375.64 grain* of pure silver. This unit had its origin in the Spanish piaster or milled dollar, which constituted the basis of the metalUc circulation of the English colonies in America. It was never coined, for there was no mint In the United States.