Message:

<p>[QUOTE=&quot;Conder101, post: 8052744, member: 66&quot;]SOME foreign coins were legal tender.&nbsp; But even the ones that weren&#039;t legal tender would typically be accepted based on their weight and metal content.</p><p><br /></p><p><br /></p><p>Actually in 1853 the silver dollar had $1.04 worth of silver in it.&nbsp; The gold discoveries in California had depressed the market value of gold making silver more valuable with respect to gold.&nbsp; This resulted in the silver in the coins being worth more than theor face value.&nbsp; The act of 1853 reduced the amount of silver in the minor coins making them once again worth slightly less than their face value.&nbsp; But the weight of the dollar was not reduced and so it was now worth $1.04 on gold.[/QUOTE]</p><p><br /></p>

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