An article that made me go hmmm. Bolivian silver was going to China back in the 1500's. That's where all the silver (and gold) is going now, too.
http://www.sciencenews.org/view/generic/id/346607/title/Mexican_silver_made_it_into_English_coins
Coinage Act of 1857 was an act of the United States Congress which forbade the use of foreign coins as legal tender, repealing all acts "authorizing the currency of foreign gold or silver coins". Specific coins would be exchanged at the Treasury and recoined. The act was approved on February 21, 1857.
Before this Act, foreign coins, such as the Spanish dollar, were widely used[1] and allowed as legal tender by the Act of 1806.[2]
In addition to foreign coins being banned, the Coinage Act of 1857 also discontinued the American half-cent.
Market Harmony wrote:They say that all the gold and all the silver are as old as the big bang... exploding star, that kind of thing.
I'm not sure how old that is. Maybe I'll ask God when it's my time.
shinnosuke wrote:An article that made me go hmmm. Bolivian silver was going to China back in the 1500's. That's where all the silver (and gold) is going now, too.
http://www.sciencenews.org/view/generic/id/346607/title/Mexican_silver_made_it_into_English_coins
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