A $20 gold coin goes for around $1,200 in current paper money.
Where did the other $1,180 go?
The gubmint stole it with inflation.
“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 ...
You’re way off. A $20 gold piece is over $2000.
$20 gold eagles are close to $2000
Bingo! Damn few people understand this.
An ounce of gold is always worth an ounce of gold. It never loses its value.