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TeachMeFinance.com - explain Gold dollar historic definition... Gold dollar -- A gold piece of the United States weighing 25.8 grains, nine-tenths fine ; that is, nine-tenths gold and one tenth alloy ; no longer coined. Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.