The History of Gold as Money

[nickndfl]

The History of Gold As Money

Gold has a long history been used as money for several thousand years. Gold's key attribute is that it is a store of value over a long time.

www.hardmoneyhistory.com

 

[pmbug]

More fun history:

... did you know North Carolina has a strong history of gold and sound money?

Here are three fun facts about North Carolina and our history of gold and sound money so you can know a bit more on the subject.

First gold rush in North America

North Carolina is home to the first gold rush in North America, which was kicked off with the initial discovery of a 17-pound gold nugget in Cabarrus County in 1799. This treasure of a find was discovered by 12-year-old Conrad Reed while he was fishing in his family’s creek.
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Bechtler gold dollar

North Carolina is where the United States had the country’s first gold dollar coin created, accomplished by a private mint known as the Bechtler Mint in Rutherfordton.
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Charlotte Mint

The early success of the NC Gold Rush and the Bechtler Mint inspired the US Mint to open a mint in Charlotte in 1835. This mint location was one of three opened that year: The New Orleans Mint, the Dahlonega Mint in Georgia, and the Charlotte Mint.

The only coins produced at the Charlotte Mint were gold coins, until 1861 when the mint was closed for Civil War efforts.
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More:

3 fun facts on gold, sound-money in NC history

NC was site of nation's first gold rush, first minted gold dollar, and other major currency milestones.

www.carolinajournal.com

 

[nickndfl]

I have been buying pre-1933 on sale to put together a type set because I wanted one. There is a reason the indians and St. Gaudens are so popular. Hold a circulated one in your hand and think about black & white movies.

I did not buy any dollar gold coins because the premiums were 40%+ even when gold was sub-$2000 and they are so small like 1/25th phils.