> But back around the 1700s, were most currencies pegged to precious metals? From 1792 to 1853, the US Dollar was pegged to a fixed amount of both gold and sil

> But back around the 1700s, were most currencies pegged to precious metals? From 1792 to 1853, the US Dollar was pegged to a fixed amount of both gold and silver. It seems reasonable to extrapolate backwards in time using that fixed standard, though the changing relative values of those metals might give you some problems. (According to Wikipedia: https://en.wikipedia.org/wiki/Gold_standard#In_the_United_States https://en.wikipedia.org/wiki/Gold_standard#In_the_United_St... )