I want to know the answer to the following question:
What was the dollar based on?
All the background I'm provided with is that "It specified a "dollar" to be based in the Spanish milled dollar and of 371 grains and 4 sixteenths part of a grain of pure or 416 grains (27.0 g) of standard silver and an "eagle" to be 247 and 4 eighths of a grain or 270 grains (17 g) of gold (again depending on purity).". Is that enough to answer the question?
Answer: yes