In 1792, the Federal treasury department determined that gold was worth how many times more than silver?
Gold to Silver ratio is 15:1, gold valued at $19.39 an oz, and silver at $1.29 an oz,.
In 1792, the congress passed the mint and coinage in act which fixed the ratio from gold to u.s. dollars, gold to silver, and the Spanish real was authorized. Back then, the gold was 15 times more than silver: 1 piece of gold for 15 pieces of silver.
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