Comment: I'd agree with everything save the original bi-metal standard.

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I'd agree with everything save the original bi-metal standard.

I don't read it that way.

The coinage act is pretty clear. They defined a Dollar or unit in terms of silver. They then minted Eagles, which they stamped in terms of dollars, and they specified the ratio.

Thus, they minted two metals but to one standard - the silver standard.

We weren't 'de facto' silver standard, we were also 'de jure' silver standard.

True bi-metallism would have defined some accounting unit as abstract, and then currently valued at some quantity of silver AND some quantity of gold.

They didn't do this.

They adopted a quantity of silver as the standard, and then priced everything else accordingly.