A brief history of the gold standard

What was the gold standard?The gold standard was a monetary system that pegged currencies to the value of gold. Why was the gold standard adopted?Short answer: the gold standard was adopted in Great Britain in 1817 (other countries followed later), as a response to a quickly growing economy with the need for stable currency. Long answer: leading up to the early 19th century, Great Britain had been on a bimetallic monetary system. Gold and silver coins circulated in the economy…

What was the gold standard?The gold standard was a monetary system that pegged currencies to the value of gold. Why was the gold standard adopted?Short answer: the gold standard was adopted in Great Britain in 1817 (other countries followed later), as a response to a quickly growing economy with the need for stable currency. Long answer: leading up to the early 19th century, Great Britain had been on a bimetallic monetary system. Gold and silver coins circulated in the economy…

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Consigning with The Coin Cabinet

What does it mean to consign through our auctions? Consignment is agreeing to let The Coin Cabinet sell coins on your behalf. We advise on the best placement for your property in an upcoming auction, and once it has been sold remit the proceeds to you. The Coin Cabinet is here to help you achieve the best result for your property, images throughout this article are some of our best performing lots from recent auctions. Two sales are held by The…

What does it mean to consign through our auctions? Consignment is agreeing to let The Coin Cabinet sell coins on your behalf. We advise on the best placement for your property in an upcoming auction, and once it has been sold remit the proceeds to you. The Coin Cabinet is here to help you achieve the best result for your property, images throughout this article are some of our best performing lots from recent auctions. Two sales are held by The…

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