Silver Eagle Coins Some Useful Info
Article by Lars Jensen
One of the most well-liked silver us coins to gather are silver eagle coins, here’s a bit of their history.
The Gold Standard was the basis of economies over the world for many years, meaning that the price of gold set the value of international currency. Afterwards, the Silver Standard came to bepreferred by the Europeans as they began to favor silver over gold. Gold and silver were equally used for a time to calculate the worth of currency for different countries.
America also adopted to the dual metal standard, and by 1873 was using the peso or pieces of eight (also recognized as Spanish real) to set its silver standard. The gold standard was determined by the gold coin known as the Eagle which was in high demand in Europe following the First World War. The American Civil War started the free banking crisis of the late 1800s that ended Americas use for the silver standard. By the mid-20th century, silver coins were no longer issued as people wanted a paper currency backed . . . → Read More: Silver Eagle Coins Some Useful Info
Recent Comments