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The Long and the Short of Silver and Gold [View article]
If you consider the history of American coins, the gold $20 double eagle and the silver dollar coins both had about 1 ounce of metal and carried a 20:1 ratio for a long time.
The Long and the Short of Silver and Gold [View article]
In 'pre-paper money' times, how long were silver & gold coins in circulation in America? The $20 gold double eagle compared with the $1 silver dollar with about 1 ounce of gold to 1 ounce of silver. A long history of a 20:1 ratio.