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<p>[QUOTE=&quot;Sallent, post: 8592007, member: 76194&quot;]That&#039;s what I like about these old gold coins.&nbsp; You can very easily determine the value of each currency back then by comparing one coin to another another. This one is just a tad smaller than a $5 half eagle, so in my mind I had estimated that $1 equaled 4.78 Pounds. Thank you for confirming that I wasn&#039;t that far off. That&#039;s one of the great things about the gold standard, you could travel from one country to another and immediately figure out the exchange rate by just weighing the coin from the other country and looking at the value assigned to it, and comparing it to yours. And if you were in the Latin Monetary Union things were even easier than that... you didn&#039;t even need basic head math to figure things out.[/QUOTE]</p><p><br /></p>

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