25 January 2023
1. Arbitrarily set the value of gold in the coins at $20,000 an ounce. Thus a coin containing 1/100th of an ounce is stamped with a value of 200 dollars. The value of a coin containing 1/1000th of an ounce is set at $20. The difference between the current price of gold and the $20,000 per ounce valuation in US dollars is the value of the coins being legal tender in the US.