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These other coins are more fully described in Coins of the United States dollar. dollar may therefore be described as the unit of account of the United States. Section 9 of that act authorized the production of various coins, including "DOLLARS OR UNITS—each to be of the value of a Spanish milled dollar as the same is now current, and to contain three hundred and seventy-one grains and four sixteenth parts of a grain of pure, or four hundred and sixteen grains of standard silver".The Constitution provides that "a regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time". The word "dollar" is one of the words in the first paragraph of Section 9 of Article I of the Constitution. Section 20 of the act provided, "That the money of account of the United States shall be expressed in dollars, or units... In addition to the dollar the coinage act officially established monetary units of mill or one-thousandth of a dollar (symbol ₥), cent or one-hundredth of a dollar (symbol ¢), dime or one-tenth of a dollar, and eagle or ten dollars, with prescribed weights and composition of gold, silver, or copper for each.In 1854, James Guthrie, then Secretary of the Treasury, proposed creating 0, and gold coins, which were referred to as a "Union", "Half Union", and "Quarter Union", Today, USD notes are made from cotton fiber paper, unlike most common paper, which is made of wood fiber. Alternatively, thaler is said to come from the German coin Guldengroschen ("great guilder", being of silver but equal in value to a gold guilder), minted from the silver from Joachimsthal.The coins minted at Joachimsthal soon lent their name to other coins of similar size and weight from other places.The note is referred to as a "sawbuck", "ten-spot" or "Hamilton" (after Alexander Hamilton).The note as "Lincoln", "fin", "fiver" or "five-spot". dollar, used for example in the French text of the Louisiana Purchase.It was also popular throughout Eastern Europe, where it led to the current Romanian and Moldovan currency being called leu (literally "lion").
The 0 note is nicknamed "Benjamin", "Benji", "Ben", or "Franklin" (after Benjamin Franklin), "C-note" (C being the Roman numeral for 100), "Century note" or "bill" (e.g. The note is occasionally called a "yardstick" or a "grant" (after President Ulysses S. The note is referred to as a "double sawbuck", "Jackson" (after Andrew Jackson), or "double eagle".The United States dollar (sign: $; code: USD; also abbreviated US$ and referred to as the dollar, U. dollar, or American dollar) is the official currency of the United States and its insular territories per the United States Constitution since 1792. Since the suspension in 1971 Besides the United States, it is also used as the sole currency in two British Overseas Territories in the Caribbean: the British Virgin Islands and Turks and Caicos Islands. The Sacagawea dollar is one example of the copper alloy dollar.For most practical purposes, it is divided into 100 smaller cent (¢) units, but officially it can be divided into 1000 mills (₥). A few countries use the Federal Reserve Notes for paper money, while still minting their own coins, or also accept U. The pure silver dollar is known as the American Silver Eagle.One such example, was a Dutch coin depicting a lion, hence its Dutch name leeuwendaler (in English: lion dollar).The leeuwendaler was authorized to contain 427.16 grains of .75 fine silver and passed locally for between 36 and 42 stuivers.