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<p>[QUOTE=&quot;Zonker, post: 3659423, member: 84143&quot;]Treasuries useally were paid debts from other countries in their currency. The treasuries would usually melt them down and re-coin them. Sometimes they just stored them. An example is all of the U.S. Double Eagles stored in other countries that are now returning to the U.S. When you refer to a sovereign, it is the one sovereign (or full) that they refer to. Other denominations such as the half, double or 5£ sovereigns most always state the demoniation.</p><p><br /></p><p>This is the first time that I&#039;ve seen a sovereign described as a $5 sovereign based upon the value of its weight in gold. That value would fluctuate.</p><p><br /></p><p>During the early years of the United States, other country currency were commonly used. The Spanish Reales were popular. While the sovereign is the chief (most used) coin in the world during the British empire days and has been continuously minted for over 200 years and non-continuously minted for over 500 years (1489), the Spanish Reales were more commonly used after the revolution in the U.S. I believe.</p><p><br /></p><p>Keep digging - you found a very interesting thread in history.[/QUOTE]</p><p><br /></p>

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