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How common was it to use a $20 gold piece in everyday life?
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<p>[QUOTE="lonegunlawyer, post: 1565484, member: 40282"]Touche, a bit at least (much more if your book expressly supports your conclusion).</p><p><br /></p><p>However, ultimately, the burden of proof is yours because you are trying to prove $20 gold coins were not in common use in everyday life. You presented one source that discussed populations, but those population reports do not account for all such coins that would fall into that category.</p><p><br /></p><p>Also, the ones that are graded, per the Red Book that even at XF, are only valued at $150 above spot which supports the conclusion that there are plenty of graded coins in the VF-XF categories available, hence used back in the day such that they were as common as say a $100 bill is today. Furthermore, there are probably many more that could belong in the VF-XF categories, but are unaccounted for because it is not worth it to have them graded. Also, it is hard to argue that many AG-F examples that would have been circulated, and therefore common, have been melted with the rise in the price of gold.</p><p><br /></p><p>Ultimately, we are both asking the OP to take in all the evidence and reasonable inferences therefrom, weigh the evidence and reasonable inferences, then make a decision as to whether $20 gold pieces were common in everyday life or not.[/QUOTE]</p><p><br /></p>
[QUOTE="lonegunlawyer, post: 1565484, member: 40282"]Touche, a bit at least (much more if your book expressly supports your conclusion). However, ultimately, the burden of proof is yours because you are trying to prove $20 gold coins were not in common use in everyday life. You presented one source that discussed populations, but those population reports do not account for all such coins that would fall into that category. Also, the ones that are graded, per the Red Book that even at XF, are only valued at $150 above spot which supports the conclusion that there are plenty of graded coins in the VF-XF categories available, hence used back in the day such that they were as common as say a $100 bill is today. Furthermore, there are probably many more that could belong in the VF-XF categories, but are unaccounted for because it is not worth it to have them graded. Also, it is hard to argue that many AG-F examples that would have been circulated, and therefore common, have been melted with the rise in the price of gold. Ultimately, we are both asking the OP to take in all the evidence and reasonable inferences therefrom, weigh the evidence and reasonable inferences, then make a decision as to whether $20 gold pieces were common in everyday life or not.[/QUOTE]
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How common was it to use a $20 gold piece in everyday life?
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