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Of course they were paid the same as all other countries. The economy of food

and necessity requires an income.

According to history professors in the 1960's (Coinage is a far older fact of life than 1792). It was far cheaper to coin 5% coins than to make paper.

WISDOMGeorge Washington set the wage paid the minute men at 300.00/month.It was cheaper to coin with 5 percent (s/g) (0.25 karat) than to make paper>A bank robber had a tough time carrying more than a hundred pounds of (0.25 fine per ounce of pig iron). Labor coins value of everything. The settlers

then had money to buy wagons and oxen and populate the West. It all made

good sense.

Julius Ceaser used plain old pig iron and most of his currency rusted away:

The fineness is often converted to a percent:

If 10k ÷ 24k = 0.4166 percent: Then:

[6 fine = 6 percent ÷ 24k = 0.025 karat] the bimetal standard currency up to the

19th Century revised standard.

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13y ago

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