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How much was a gold $20 Double Eagle worth in the late 1800s?
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<p>[QUOTE="Gam3rBlake, post: 5184593, member: 115909"]Thanks for the info! <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>I guess like you say gold coins were mostly used for large purchases due to the value of the coin and the difficulty for smaller retailers to make change.</p><p><br /></p><p>Im guessing if a man went to town with one he’d probably stop at a local bank and convert it into smaller denominations.</p><p><br /></p><p>What about the $1, $2.50 quarter eagles and $3 princess gold coins?</p><p><br /></p><p>They were much smaller and had lower denominations so maybe they were more popular? I would imagine definitely in the West during and after the Gold Rush of 48-49.</p><p><br /></p><p><br /></p><p>It’s interesting to think of a time when currency actually had real intrinsic value.</p><p><br /></p><p>Im pretty sure you could take a $20 gold double eagle anywhere in the world and it would be accepted as something valuable just for its gold content.</p><p><br /></p><p>[ATTACH=full]1213167[/ATTACH] [ATTACH=full]1213166[/ATTACH][/QUOTE]</p><p><br /></p>
[QUOTE="Gam3rBlake, post: 5184593, member: 115909"]Thanks for the info! :) I guess like you say gold coins were mostly used for large purchases due to the value of the coin and the difficulty for smaller retailers to make change. Im guessing if a man went to town with one he’d probably stop at a local bank and convert it into smaller denominations. What about the $1, $2.50 quarter eagles and $3 princess gold coins? They were much smaller and had lower denominations so maybe they were more popular? I would imagine definitely in the West during and after the Gold Rush of 48-49. It’s interesting to think of a time when currency actually had real intrinsic value. Im pretty sure you could take a $20 gold double eagle anywhere in the world and it would be accepted as something valuable just for its gold content. [ATTACH=full]1213167[/ATTACH] [ATTACH=full]1213166[/ATTACH][/QUOTE]
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How much was a gold $20 Double Eagle worth in the late 1800s?
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