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How common was it to use a $20 gold piece in everyday life?
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<p>[QUOTE="Marshall, post: 1566658, member: 21705"]Before the days of general acceptance of checks, Millionaires and such had to carry large sums of cash. This was technically general circulation, but was often like silver and gold reserves in that they spent most of their time out of circulation. Then, every once in a great while, they'd pull one out to make an impression.</p><p><br /></p><p>As the acceptance of bank checks grew with the Federalization of Banks and protections afforded the holders of checks and depositors, this need was reduced and then eliminated. You will note most large bills ceased being printed after 1928.</p><p><br /></p><p>Now the $100,000 bill was intended to only be circulated among Federal Reserve Banks.</p><p><br /></p><p>Now check these facts. I'm repeating them from memory so they are subject to senior moments.[/QUOTE]</p><p><br /></p>
[QUOTE="Marshall, post: 1566658, member: 21705"]Before the days of general acceptance of checks, Millionaires and such had to carry large sums of cash. This was technically general circulation, but was often like silver and gold reserves in that they spent most of their time out of circulation. Then, every once in a great while, they'd pull one out to make an impression. As the acceptance of bank checks grew with the Federalization of Banks and protections afforded the holders of checks and depositors, this need was reduced and then eliminated. You will note most large bills ceased being printed after 1928. Now the $100,000 bill was intended to only be circulated among Federal Reserve Banks. Now check these facts. I'm repeating them from memory so they are subject to senior moments.[/QUOTE]
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How common was it to use a $20 gold piece in everyday life?
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