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<p>[QUOTE=&quot;Conder101, post: 4040755, member: 66&quot;]Push that back about 120 years earlier.&nbsp; After 1853 they were pointless because they contained more than a dollars worth of silver in them so they didn&#039;t circulate, and then once paper reach par with gold and silver around 1874 and people knew they could exchange the paper for gold or silver at any time the paper note became the circulating medium of choice due to its lighter weight.&nbsp; And that latter reasoning has never and most likely will never change as long as the paper and coin are both available.&nbsp; Gold dollars were never practical because of their small size.</p><p><br /></p><p>Before 1853 silver dollars were practical, because you couldn&#039;t trust the paper money in circulation.&nbsp; (There was no Federal paper money, and all the paper in circulation was issued by banks of questionable stability, Railroads and even private corporations.&nbsp; Every time you used or received a note you had to look it up in a reference work, published monthly, to see how much you needed to discount it or even if it had any value at all.&nbsp; And the publisher of the references were not always able to resist bribes from a note issuer to list their notes as being worth more than they should be.)&nbsp; But a silver dollar was always a dollar because it had its intrinsic value in silver in it.[/QUOTE]</p><p><br /></p>

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