“A $20 gold coin goes for around $1,200 in current paper money.”
for tv shows and movie shows of yesteryear, i always divide any dollar amounts mentioned by 20 and then multiply by 2,000 to get a quick estimate of equivalence to current dollars ...
for instance, $500 rewards for wanted banditos on westerns set in the 19th century, would be equivalent to $50,000 in today’s dollars ...
Why not just multiply by 100? (2000 / 20 = 100)
Doing it the hard way there. Just add a couple of zeros to the original number and you end up the same place.