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<p>[QUOTE=&quot;GDJMSP, post: 1258208, member: 112&quot;]Think of it like this. Not so long ago you could go anywhere in the world and get more if you paid for it with US dollars than you could if you used local or other currency. There was no silver or gold involved, it was just the fact that it was US currency because the exchange rates were favorable.</p><p><br /></p><p>Well, the early 1800&#039;s were the beginning of that. In Europe the various countries were constantly battling each other over exchange rates and had been for centuries. They had forever had the problem of trying to get their own currency to stay in their own country. Great Britain in particular had this problem with silver coins, but all of the countries over the centuries suffered the same problem depending on who was at war with whom, or who was mad at whom, at the time. </p><p><br /></p><p>What was going on in the US in the early 1800&#039;s was merely an extension of that. Look at various finenesses for Spanish dollars for example, depending on the date the coin could have 3 different amounts of silver in it. So people were afraid of accepting those coins for fear of being cheated. But US coins, at the time, all had the same amount of silver. So that made them worth more because of the trust issue.</p><p><br /></p><p>It&#039;s the same principle that allowed Venice to rule the trade world in the 1300&#039;s and then the Netherlands to rule the trade world in the 1600&#039;s. They made coins of the same fineness and same weight every single time. So everybody in the world would accept their coins.[/QUOTE]</p><p><br /></p>

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