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Were Ancient Greek coins of different metals but the same denomination worth the same?
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<p>[QUOTE="7Calbrey, post: 7497070, member: 38412"][USER=115909]@Gam3rBlake[/USER]. I'll make it much easier to you. Just compare a silver Morgan dollar dated 1904, to a gold Half Eagle dated also 1904 with denomination of 5 dollars and known as Coronet Head due to the small coronet or crown on the obverse. The silver coin weighed 26.7 g. whereas the gold coin weighed 8.3 g.</p><p>It would be easier now to assess the proportional intrinsic value of the precious metals inside both coins, then compare the denominations of one dollar and 5 dollars.</p><p>As for the complications and other considerations.. Well it's also easy. That is in 1901 when silver value rose too high. A Morgan dollar 1901 became more expensive than one dollar due to the amount of silver in it ( nearly an ounce). That's why it's very expensive today in numismatic value. It's rare because people in 1901 melted their Morgan silver dollars and exchanged the silver value for several dollars.</p><p>In this respect, can you compare a Morgan dollar 1901 to a gold Half Eagle or Coronet Head 1901, the same way as Morgan 1904 and Coronet 1904 ? It certainly became a complication.! So what about Ancient Times and the beginnings of coinage ? Hope that could help a little bit. Good Luck.[/QUOTE]</p><p><br /></p>
[QUOTE="7Calbrey, post: 7497070, member: 38412"][USER=115909]@Gam3rBlake[/USER]. I'll make it much easier to you. Just compare a silver Morgan dollar dated 1904, to a gold Half Eagle dated also 1904 with denomination of 5 dollars and known as Coronet Head due to the small coronet or crown on the obverse. The silver coin weighed 26.7 g. whereas the gold coin weighed 8.3 g. It would be easier now to assess the proportional intrinsic value of the precious metals inside both coins, then compare the denominations of one dollar and 5 dollars. As for the complications and other considerations.. Well it's also easy. That is in 1901 when silver value rose too high. A Morgan dollar 1901 became more expensive than one dollar due to the amount of silver in it ( nearly an ounce). That's why it's very expensive today in numismatic value. It's rare because people in 1901 melted their Morgan silver dollars and exchanged the silver value for several dollars. In this respect, can you compare a Morgan dollar 1901 to a gold Half Eagle or Coronet Head 1901, the same way as Morgan 1904 and Coronet 1904 ? It certainly became a complication.! So what about Ancient Times and the beginnings of coinage ? Hope that could help a little bit. Good Luck.[/QUOTE]
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Were Ancient Greek coins of different metals but the same denomination worth the same?
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