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<p>[QUOTE=&quot;Conder101, post: 233623, member: 66&quot;]Can you explain how you came to this conclusion?</p><p><br /></p><p><br /></p><p>It is right now, but the ratio is constantly changing.&nbsp; In the 1790&#039;s it was 15X, then it went to 15.75X, by 1800 it was 16X.&nbsp; During the 1860&#039;s it was 7X.&nbsp; &nbsp; By 1893 and the Sherman silver purchase act it was 29X.&nbsp; At the time of the gold/silver bimetallism debates in 1896 it was 31X.&nbsp; At the time of the gold recall it was 60X.&nbsp; It reached its worst point in 1939 at 100X.&nbsp; By 1967 it was back down to 16X.&nbsp; It reached a modern low in 1979 at 14X and a modern high of 93X in 1992.&nbsp; In 1986 when the eagles were authorized it was 69X.</p><p><br /></p><p>If they had made the silver eagle a $5 coin in 1986, its bullion value would have been on 36 cents over the face value.&nbsp; There would be very little profit to have been made from making them.&nbsp; And most of the time from May of 1989 to Dec 2003 they would have been a circulation coin.&nbsp; And the government didn&#039;t WANT them to be a circulation coin.&nbsp; The gold eagle using the multiplier at the time of 69X would have had to be a $350 coin with a bullion value of $367.&nbsp; It would have been a circulation coin in 1992 and 1997 -Dec 2002.&nbsp; Once again the government didn&#039;t WANT a circulating gold coin.[/QUOTE]</p><p><br /></p>

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