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Re: Gold Coins - Why Were They Minted?
But with silver, the Carson City Mint, to name an example, was made to make use of the Comstock Lode and turn the silver into legal tender. With the gold rushes, two new mints were made to make use of the local gold. I'm sure you most likely already know all of this, but I feel that they are fitting examples. Which, yes,… -
Re: Gold Coins - Why Were They Minted?
They were minted due to the surplus of gold mines throughout America, especially fueled by the gold rushes of the 19th century, especially those in California and Colorado. The gold standard also played a part in US coinage. -
Re: Gold Coins - Why Were They Minted?
I’ve read a lot of ideas on this but I haven’t looked it up in a while. So here’s my recollection in no particular order. I will assume people will correct me :) * Facilitating transfer of money between financial institutions (easier to send a couple of double eagles than lots and lots of gold dollars) * For many years…
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