How much was a gold $20 Double Eagle worth in the late 1800s?

Discussion in 'Coin Chat' started by Gam3rBlake, Dec 1, 2020.

  1. GoldFinger1969

    GoldFinger1969 Well-Known Member

    Prices were much lower vs. the need to have something for your savings (nobody trusted most banks, esp. outside the major cities).
     
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  3. Gam3rBlake

    Gam3rBlake Well-Known Member

    If they didn't trust banks then that would be an excellent reason to keep their accumulated savings in gold & silver coinage rather than bank issued paper.
     
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  4. panzerman

    panzerman Well-Known Member

    That even holds true today/ a Double Eagle has both numismatic/ bullion value. Twenty Ben Franklin notes, well......
     
  5. Etcherman

    Etcherman Well-Known Member

    Let me don my powdered wig in contemplation of the glorious past. I think you’re really saying “let them eat cake (pie)”
     
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  6. Gam3rBlake

    Gam3rBlake Well-Known Member

    Not really. I'm not saying the past was glorious at all.

    Life in the past was bloody, brutish, and short.

    However I can say confidently that people back then were much more frugal. That's just a fact that any historian or scholar would agree with.

    The fact that people were more frugal doesn't mean times were great. It just means people knew that they had no government or social assistance to rely on (some may say that means the past was UN-glorious) and if they didn't save up during the good times they might go hungry in the bad times.
     
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