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Can someone explain to me the issue of silver v. gold in late 19th c. America?
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<p>[QUOTE="medoraman, post: 1579804, member: 26302"]The Comstock lode unbalanced the ratio worldwide between silver and gold. It was the cause of the increased silver weight in our coins in 1873. The net result of this struggle between the two factions was the US being taken off the bimetallic standard and placed on a gold standard. In effect, the bankers won, and that was the fight Bryant was fighting against.</p><p><br /></p><p>Numismatically, what evidence we have is the huge Morgan output trying to "use up" as much silver as possible, and the tiny mintages of the mid 1890's when they switched over to the gold standard, (and subsequent deflationary recession).</p><p><br /></p><p>Its an interesting period, and I am sure others here better suited to discuss it in depth with you. Not my specialty, just pointing you in the right direction.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1579804, member: 26302"]The Comstock lode unbalanced the ratio worldwide between silver and gold. It was the cause of the increased silver weight in our coins in 1873. The net result of this struggle between the two factions was the US being taken off the bimetallic standard and placed on a gold standard. In effect, the bankers won, and that was the fight Bryant was fighting against. Numismatically, what evidence we have is the huge Morgan output trying to "use up" as much silver as possible, and the tiny mintages of the mid 1890's when they switched over to the gold standard, (and subsequent deflationary recession). Its an interesting period, and I am sure others here better suited to discuss it in depth with you. Not my specialty, just pointing you in the right direction. Chris[/QUOTE]
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Can someone explain to me the issue of silver v. gold in late 19th c. America?
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