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<p>[QUOTE=&quot;Asher, post: 7606992, member: 80285&quot;]I&#039;ve been reading some of the early history of US coinage.&nbsp; in the 1800&#039;s there were speculators and hoards that would find all ways to earn a profit from exchange rates between countries; the gold/silver ratio for example.</p><p><br /></p><p>Coins could have been redeemable at the bank for silver or gold (paper certificates or raw bullion) with a small premium that the bank would use to cover costs.</p><p><br /></p><p>This would have helped prevent the melting of gold and silver.</p><p><br /></p><p>I&#039;m sure I&#039;m missing some economic fundamental, but i just wanted to address situation.[/QUOTE]</p><p><br /></p>

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