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<p>[QUOTE="davidh, post: 448729, member: 15062"]There are relatively more high grade gold coins around today simply because many, if not most, of the lower grade ones were melted down in the 30's.</p><p><br /></p><p>Only the $1.00, $2.50 and $5.00 gold saw any appreciable circulation, and those only with the affluent. Remember, in 1850 the average working American made around $5/week. By 1900 this had risen to around $15/week. Most people simply didn't have the luxury of owning, holding or even touching a gold coin.</p><p><br /></p><p>How many times have you seen a cowboy movie when the guy rides into town, goes straight to the tavern and slaps down a Double Eagle for a drink, and doesn't get any change back. That $20 would come close to buying the entire bar.</p><p><br /></p><p>Probably 98% (a number I made up) of the American people never had the opportunity to even see someone else's gold. Rich people in big cities may have had opportunity or reason to use gold; nobody else did.[/QUOTE]</p><p><br /></p>
[QUOTE="davidh, post: 448729, member: 15062"]There are relatively more high grade gold coins around today simply because many, if not most, of the lower grade ones were melted down in the 30's. Only the $1.00, $2.50 and $5.00 gold saw any appreciable circulation, and those only with the affluent. Remember, in 1850 the average working American made around $5/week. By 1900 this had risen to around $15/week. Most people simply didn't have the luxury of owning, holding or even touching a gold coin. How many times have you seen a cowboy movie when the guy rides into town, goes straight to the tavern and slaps down a Double Eagle for a drink, and doesn't get any change back. That $20 would come close to buying the entire bar. Probably 98% (a number I made up) of the American people never had the opportunity to even see someone else's gold. Rich people in big cities may have had opportunity or reason to use gold; nobody else did.[/QUOTE]
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