Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
How much was a gold $20 Double Eagle worth in the late 1800s?
>
Reply to Thread
Message:
<p>[QUOTE="medoraman, post: 5172425, member: 26302"]The rise and popularity of paper money post 1865, along with the lack of worn gold, kind of tells you the story. Most gold coins are very rare below VF grade. Couple this with the fact that gold wears more easily than most other metals, tells us they were not carried around very much. </p><p><br /></p><p>People like light paper IF they can trust it. With the US government issuing paper money after the Civil War versus local banks, trust rose and people simply stopped using gold very much. How may people like carrying around change today? I empty out my pockets every day into a jar, and I am an unusual one nowadays still using cash. Imagine what it would be like carrying around a pile of Morgans or double eagles? Your pants would get ruined quickly.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 5172425, member: 26302"]The rise and popularity of paper money post 1865, along with the lack of worn gold, kind of tells you the story. Most gold coins are very rare below VF grade. Couple this with the fact that gold wears more easily than most other metals, tells us they were not carried around very much. People like light paper IF they can trust it. With the US government issuing paper money after the Civil War versus local banks, trust rose and people simply stopped using gold very much. How may people like carrying around change today? I empty out my pockets every day into a jar, and I am an unusual one nowadays still using cash. Imagine what it would be like carrying around a pile of Morgans or double eagles? Your pants would get ruined quickly.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
How much was a gold $20 Double Eagle worth in the late 1800s?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...