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1 day ago · Many are rare finds for the Wettin area. A close-up photo of the buried coins. ... The coin collection was likely accumulated over a 150-year span by a merchant or merchant family, and worth a ...
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What is a gold standard coin?
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When did the gold specie standard end?
1 day ago · Implementation. The United Kingdom slipped into a gold specie standard in 1717 by over-valuing gold at 15 + 1 ⁄ 5 times its weight in silver. It was unique among nations to use gold in conjunction with clipped, underweight silver shillings, addressed only before the end of the 18th century by the acceptance of gold proxies like token silver coins and banknotes.
