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0 sats \ 0 replies \ @Rothbardian_fanatic 18 Dec \ parent \ on: Golden Flashback: How to Change "Ownership" Without Taking Custody (JEH 2019) econ
Well, I did note that redeemable notes were used. The most used coins used to be the half dollar and lesser coins, which were held in the hand. Silver dollars were still given in pay, at least in Colorado, until the mid-50s, so payday was heavy in the pocket. The quarter eagles and $2 gold coins were available when the rate was
20 ounces silver/one ounce gold.