Showing posts with label currency. Show all posts
Showing posts with label currency. Show all posts

Sunday, May 13, 2018

Jacob G. Hornberger: The pathetic U.S. golden dollar

  I recently received a U.S. golden dollar from a vending machine. What a pathetic thing. Golden in color, Wikipedia reports that it actually has “a copper core clad by manganese brass.”

  Needless to say, this golden coin is nothing like the gold coins that, along with silver coins, were the official money of the American people for more than a hundred years. The gold coins that Americans used throughout the 1800s and into the early 1900s were real gold coins, not alloyed coins consisting of base metals, like today’s golden coin.