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Gold vs Silver certificates - could they be used interchangeably?
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<p>[QUOTE="Gam3rBlake, post: 5192778, member: 115909"]That doesn’t make sense.</p><p><br /></p><p>They made coins with face values and those coins didn’t fluctuate with silver or gold value.</p><p><br /></p><p>In 1878 a $1 Morgan Dollar was worth $1.</p><p><br /></p><p>If you took a $1 silver certificate to the bank they would give you $1 Morgan Dollar regardless of silver value.</p><p><br /></p><p>A gold Double Eagle was worth $20. If you took a $20 gold certificate into the bank they would give you 1x $20 Double Eagle or some smaller gold coins equal to $20. Like 2x $10 Gold Eagles.</p><p><br /></p><p>So if you took in gold/silver certificates they would pay you with coins.[/QUOTE]</p><p><br /></p>
[QUOTE="Gam3rBlake, post: 5192778, member: 115909"]That doesn’t make sense. They made coins with face values and those coins didn’t fluctuate with silver or gold value. In 1878 a $1 Morgan Dollar was worth $1. If you took a $1 silver certificate to the bank they would give you $1 Morgan Dollar regardless of silver value. A gold Double Eagle was worth $20. If you took a $20 gold certificate into the bank they would give you 1x $20 Double Eagle or some smaller gold coins equal to $20. Like 2x $10 Gold Eagles. So if you took in gold/silver certificates they would pay you with coins.[/QUOTE]
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