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To: DeaconBenjamin2
I trust you know that the US minted a "gold dollar" from 1849-1889. Not a "tenth eagle," a gold dollar.

This is true, but it is really a distinction without a difference. The history I use (Vieira's Pieces of Eight) indicates that, "The draftsmen of the Coinage Act of 1849 were careful, therefore, to refer to the 'gold dollar' not as a dollar or the dollar, but as 'be[ing] of the value of one dollar.'" (Vieira's emphasis)

ML/NJ

74 posted on 05/30/2007 4:10:55 AM PDT by ml/nj
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To: ml/nj

Truly the history of US coinage would have been much happier had there been no statutorily fixed connection between the value of a gold eagle and a silver dollar (letting the market set the respective values between the two). However, the reality is that Congress did define the dollar value of gold coins.


97 posted on 05/30/2007 5:19:33 PM PDT by DeaconBenjamin2
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