That's why this number was chosen.

The first owner wanted to gift the land to the man I'm talking about, but if it was a gift, it wouldn't have the same legal standing as it does when it was purchased for 1 ounce of silver.

Quote Originally Posted by palani View Post
Standard common law form ... $1 and other valuable consideration. But that $1 had best be silver or gold.

That is why concern about not having enough gold or silver to meet ALL debts is illogical. A buck is all that is necessary to form a contract.