Message:

<p>[QUOTE=&quot;Gam3rBlake, post: 8208842, member: 115909&quot;]Wow! I had heard of the “half union” $50 gold coin that was proposed and then cancelled because the 2.7 troy oz coin would be too heavy and impracticable.</p><p>&nbsp;</p><p>Note: A $50 gold coin was minted for the Panama-Pacific exhibition.</p><p><br /></p><p>But I had NO clue that they actually discussed and planned a $100 gold “Union” coin!</p><p><br /></p><p>[ATTACH=full]1439459[/ATTACH] [ATTACH=full]1439458[/ATTACH]</p><p><br /></p><p>“In 1854, San Fransisco businessmen sent a petition to Secretary of the Treasury, James Guthrie, for a $50 coin to be struck due to the fact that no banknotes of any denomination circulated in California. Guthrie responded to the petition by introducing a measure to produce gold $50 and $100 coins, called half union and union, respectively. Although the measure passed the Senate on June 16, 1854, it was ultimately defeated in the House.”</p><p><br /></p><p>Obviously eventually people realized that walking around with a heavy 2.7 troy oz $50 gold coin was too cumbersome then walking around with a super heavy coin containing nearly 5 troy oz of pure gold was just downright impractical.</p><p><br /></p><p>Keep in mind the largest circulating gold coin at the time was the Mexican 50 peso which still weighs less than 1.5 troy oz so a 5 oz coin would just be bonkers!</p><p><br /></p><p>Even in Britain it would still be worth £20 in gold!</p><p><br /></p><p>Did anyone else know about this coin?</p><p><br /></p><p>I just wanted to share in case anyone out there didn’t know this (almost) existed like I didn’t know it did until recently.</p><p><a href="https://en.wikipedia.org/api/rest_v1/page/mobile-html/Union_(United_States_coin)#cite_note-1" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://en.wikipedia.org/api/rest_v1/page/mobile-html/Union_(United_States_coin)#cite_note-1" rel="nofollow"><br /></a></p><p><a href="https://en.wikipedia.org/api/rest_v1/page/mobile-html/Union_(United_States_coin)#cite_note-1" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://en.wikipedia.org/api/rest_v1/page/mobile-html/Union_(United_States_coin)#cite_note-1" rel="nofollow"></a>[/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