Relative value is a dimensionless quantity, and so it shouldn't matter what units you want to use, as long as you are consistent.
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One troy pound is 12 troy ounces. Silver was selling for $17.18 per ounce last Friday. That comes to $206.16.
Pre-1965 US dimes, quarter and half-dollars weigh, respectively, 2.5 grams, 6.25 grams and 12.5 grams, and thus a pound of any of them would have a face value of $18.14. In 1965, with the advent of clad coinage replacing the previous 90% silver then in circulation, the weight of the coins dropped a bit, leaving a pound of such coins with a face value of $20. Thus, an ounce of silver coinage would have a face value of $1.13, or 4 1/2 quarters, and an ounce of clad coinage would be $1.25, or exactly 5 quarters.
It is one pound!
Gold is measured in troy ounces. 14.6 troy ounces make up a pound. Gold was priced at $18.96 an ounce in 1900. The total value in 1900 would have been $27,681,600. Today gold is $1,190 an ounce. The value of 100000 of pounds of gold today would be $1,737,400,000
Absolute value uses a companies cash flow to determine it's worth. Relative value compares a companies worth to other competitors.