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Mind Your Business

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It will take some research, but I’m guessing that the odd denominations like one-sixth, one third and two thirds of a dollar probably have something to do with bringing the Spanish dollar into line with the English system of shillings and pounds

That's correct. A Spanish dollar was worth just about 5 shillings or sixty pence, so 1/6 dollar would be ten pence, 1/3 dollar would be 20 pence and 2/3 dollar would be 40 pence.

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It will take some research, but I’m guessing that the odd denominations like one-sixth, one third and two thirds of a dollar probably have something to do with bringing the Spanish dollar into line with the English system of shillings and pounds

That's correct. A Spanish dollar was worth just about 5 shillings or sixty pence, so 1/6 dollar would be ten pence, 1/3 dollar would be 20 pence and 2/3 dollar would be 40 pence.

 

Making a decimal system by using odd fractions of a system based on twelfths? There's Yankee ingenuity for you. hm (thumbs u

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