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<p>[QUOTE=&quot;medoraman, post: 1248654, member: 26302&quot;]Actually, gold was used in coinage fairly pure in the Greek&#039;s time. First it was electrum, but fairly quickly pure gold was used because the first electrum coins were debased by the Lydians. Yeah, even back then the government was cheating its people. Basically even if coined gold coins were constantly tested on a truestone to make sure the government wasn&#039;t cheating.</p><p><br /></p><p>Even in alloyed form, gold is really too soft for coinage. If it were a lower value, thereby circulating more, it would not be used. Even light circulation quickly degrades a gold coin in comparison to silver, copper, or nickel. Only its relatively high value, and therefor its light actual circulation, allows it to be used for coinage.[/QUOTE]</p><p><br /></p>

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