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How to Determine the Value of Your Gold Coins no comments
Posted at 7:01 pm in Fashion
Gold has been mankind’s, gold eagle coin
, most desirable asset for more than 3,000 years. It freely circulated as everyday money – except during times of great economic turmoil – from the time of the Ancient Greeks and Romans right up to 1933. Until that year, the value of the great majority of gold, gold eagle coin
, coins was the same as their face value.
That meant a $20 gold coin could be freely exchanged for 20 one-dollar bills. And 20 one-dollar bills could be exchanged, gold eagle coin
, for one $20 gold coin. It was a two-way system that promoted a stable value for our money.