Old gold is prettier than new gold

[u/Hillbilly_Hero1]

[u/d30_v1Nd1c3]

Imagine seeing these babies in circulation 😍 what a time

[u/InMemoryOfZubatman4 → u/d30_v1Nd1c3]

I don’t know how much circulation these actually would have had. I imagine that gold coins were likely used for bank transfers, but a car went for $400 in 1912 so I can’t imagine that people were spending Eagles super regularly for things.

If 20 Double Eagles bought you a car, I can’t imagine people were using them for groceries.

“The average annual salary in the United States in 1912 was approximately $750 per year (roughly $10 to $15 per week for a standard, good-paying job)” which makes that quarter eagle a day’s wages for someone.

[u/BartMancuso1990 → u/InMemoryOfZubatman4]

From what I’ve read gold coins were used in circulation quite a bit on the West Coast, not so much on the East Coast

[u/Equivalent_Net_3752 → u/BartMancuso1990]

East coast didn’t like coins. West coast distrusted paper money. There is a storied history of paper monetary instruments out west that burned folks time and time again.

[u/blittyon-57]

Old Is Gold

[u/sndq]

All my gold coins are pre-1933.

[u/Ok_Yard3373]

I concur

[u/marCOOLEYa]

Facts.