I want to know the answer to the following question:
How much value was one dollar meant to be equivalent to?
All the background I'm provided with is that "Section 9 of that act authorized the production of various coins, including "DOLLARS OR UNITS—each to be of the value of a Spanish milled dollar as the same is now current, and to contain three hundred and seventy-one grains and four sixteenth parts of a grain of pure, or four hundred and sixteen grains of standard silver".". Is that enough to answer the question?
Answer: yes