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<p>[QUOTE=&quot;GDJMSP, post: 1565922, member: 112&quot;]No, the values for XF coins listed in the Red Book does not support that conclusion at all. All you are doing is assuming that simply because there are prices listed, and because those prices are low, that there must be a lot of them.</p><p><br /></p><p>But nothing could further from the truth. Do you realize that common date double eagles, even those graded as high as MS63 sell at bullion prices ? Given that, any of them graded lower than MS63 are of course going sell at bullion prices as well, regardless of how many there are of them.</p><p><br /></p><p>I do not claim that gold coinage was not commonly used just because that is my opinion. I make that claim based on all of the knowledge I have accumulated over the years. If you read all of the books and articles that have been written over the years that discuss that very subject, they all agree. They all tell you that gold coinage, of any denomination, was rarely used in everyday commerce. And to assume that just because some circulated examples exist that this is not the case, well, that is just faulty logic.</p><p><br /></p><p>Of course some circulated examples exist, because to a limited degree some, stress some, gold coinage was used in everyday commerce. But anyone who is familiar with the census of gold coinage can tell you the same thing, well circulated examples (those grading below XF) exist in small numbers. And the census is not just the population numbers. The census is all of the coins, raw and slabbed that are seen and have been seen on the market over a period of decades.</p><p><br /></p><p>You talk about evidence ? There is a preponderance of evidence. The population numbers that I referenced are but 1 example of that evidence, and I referenced it because it is easily accessed by a lot of the people reading this. Other evidence are all the books and articles that I have read over the last 50 years. And one of the most glaring examples of evidence that what I say is true is the Red Book itself. </p><p><br /></p><p>Pick a year, pretty much any year, when gold coinage for circulation was minted. Pick any denomination you want from that year. But better yet, look at all of the denominations of gold for that year. Now look at the mintage numbers of gold for that given year. </p><p><br /></p><p>Now go and look at any and all other coins minted, in all denominations, for that same year. In just about every case, there will be 10 to a 100 times, or more, as many coins minted as there was of the gold denominations. And that is for each of the other coins, not all of them combined.</p><p><br /></p><p>Those facts alone tell you that gold coinage could not have been commonly used in everyday commerce because there was not enough of it in existence to support any other conclusion.</p><p><br /></p><p>You&#039;ve got to remember, the original question, and the discussion that we have been having is not if gold coinage was used at all. The original question is if it was commonplace for gold coinage to be used. And all of the evidence, all of it, tells us it was most definitely not commonly used in everyday commerce.[/QUOTE]</p><p><br /></p>

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