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<p>[QUOTE=&quot;GoldFinger1969, post: 8269163, member: 73489&quot;]Correct.....David Lange is a long-time NGC numismatist, BTW.</p><p><br /></p><p>This is a common misconception because we tend to think that all &quot;coins&quot; are circulated by the public or used in everyday commerce.&nbsp; In fact, about 0.5% or so circulated at most as $20 in a gold coin was a large amount of money from 1849-1933 and holding paper currency was easier. </p><p>And a $20 bill is EVEN lighter !! <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /></p><p><br /></p><p>Just as $500 and $1,000 and larger denomination bills were not used by ordinary Americans but by the banking community, so too were Double Eagles.&nbsp; With the smaller gold coins, they did tend to circulate a bit more because using them to settle balance-of-payments transactions was not as easy as with $20 gold coins.[/QUOTE]</p><p><br /></p>

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