Gold indian coins or any other gold coin

[Mr.Jody]

Why was gold coins given out or bought or how ever people got them back in tha day?Was it easier to handle rather than having a bunch of money?

 

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[Curious The George]

People didn't trust money printed on paper. Gold had an established value, something like $35 an oz. At the time the government set the value of gold. When one held a gold coin one knew exactly what it would be worth tomorrow and knew that it would not loose it's value if the banks went belly up. You could go to any bank and get gold coins at the time they were in circulation.

 

[Mr.Jody]

Mac. thanks very much, That was what I needed to know exactly