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Weight-Measure-Monetary System

 Now these are the names of the different pieces of their gold, and of their silver, according to their value. And the names are given by the Nephites, for they did not reckon after the manner of the Jews who were at Jerusalem; neither did they measure after the manner of the Jews; but they altered their reckoning and their measure, according to the minds and the circumstances of the people, in every generation, until the reign of the judges, they having been established by king Mosiah.”  (Alma 11: 4 About 82 B.C.


Did the Ancient Book of Mormon people, use stamped money or coins as a monetary system? NO.

There is no evidence that the Ancient people in the Book of Mormon and/or any Ancient people in Meso-America had and/or used any minted or stamped medal “coins” in their financial dealings or transactions.

Did they weight and use their weight measuring system to define how much of their gold, silver and other commodities such as  “barley, and a measure of every kind of grain” (Alma 11:7), that they wanted to trade or sell? Yes.

The 1830’s as it still is today in the United States, the  ‘weight system’ or weight “measure”-ing system is ounces, pounds, and tons.  In Europe and other places in the world they use for there measure”-ing weight system the metric system, grams, kilograms, and metric tons.


The Nephite and Lamanite weight "measure" system was used as a form of trading or it was their monetary trading system.
In other words the Nephite ‘system of weights’ was also their ‘monetary system’.    
Link to Alma's description of their weight/monetary ststem:  (Alma 11:5-19)


The following weights are used in Guatemala as a means to sell and trade items. This measure system pre-dates 1492 A.D.  These weights are used and sold in the villages of Chiantla, located a few miles from the city of Huehuetenango, Guatemala.  The weights are used as a weight/monetary way to buy, sell or trade items.  They are similar to the Nephi weight system.


Additional information:
Fair, Book of Mormon/anachronisms/coins.
Neal A Maxwell Institute Weighing and Measuring in the Worlds of the Book of Mormon By John W. Welch.