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<p>[QUOTE="Del Pinto, post: 2072284, member: 73128"]You don't think educated people in 1890/1900 remembered what happened to Greenbacks or Confederate Dollars 25-35 years earlier? Lots of people lived thru that - "someday" had ALREADY happened.</p><p><br /></p><p><img src="http://inflationdata.com/articles/wp-content/uploads/2014/04/ConfederateInflationRates.gif" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>One online estimate suggests if $1 in silver could be exchanged for $1 in gold, the price of an ounce of gold in Confederate money in March 1865 was $1,240.20. Coin was more valuable in transactions, obviously.</p><p>At least one merchant in Tx calculated the gold specie exchange at $20. to C$ 13,333 : "...consigned to S. E. Loeb, at <i>Eagle</i> Pass, Texas, to go through from San Antonia in 15 days from the 10th of March, 1864, freight at 10 cents,<i>specie</i>, per pound, and for $1.50 in <i>gold</i>, and $1,000 in <i>confederate money..."</i></p><p>The quote at Richmond VA in March, 1865 was C$ 1,400 for a Double-Eagle, etc.[/QUOTE]</p><p><br /></p>
[QUOTE="Del Pinto, post: 2072284, member: 73128"]You don't think educated people in 1890/1900 remembered what happened to Greenbacks or Confederate Dollars 25-35 years earlier? Lots of people lived thru that - "someday" had ALREADY happened. [IMG]http://inflationdata.com/articles/wp-content/uploads/2014/04/ConfederateInflationRates.gif[/IMG] One online estimate suggests if $1 in silver could be exchanged for $1 in gold, the price of an ounce of gold in Confederate money in March 1865 was $1,240.20. Coin was more valuable in transactions, obviously. At least one merchant in Tx calculated the gold specie exchange at $20. to C$ 13,333 : "...consigned to S. E. Loeb, at [I]Eagle[/I] Pass, Texas, to go through from San Antonia in 15 days from the 10th of March, 1864, freight at 10 cents,[I]specie[/I], per pound, and for $1.50 in [I]gold[/I], and $1,000 in [I]confederate money..."[/I] The quote at Richmond VA in March, 1865 was C$ 1,400 for a Double-Eagle, etc.[/QUOTE]
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