standard dollar

noun

1. the basic monetary unit of the U.S., since January 31, 1934, containing 15.2 grains of gold, 0.900 fine: previously contained 25.8 grains of gold, 0.900 fine.

Word History and Origins

Origin of standard dollar¹

An Americanism dating back to 1875–80

Example Sentences

In 1785 the American standard was fixed at 375.64 grains of pure silver which became the unit of account, the standard dollar.

From Project Gutenberg