The Mudcat Café TM
Thread #18014 Message #2534543
Posted By: Janice in NJ
07-Jan-09 - 06:13 PM
Thread Name: Origin: I Wish I Was a Mole in the Ground
Subject: RE: Help: I wish I was a mole in the ground
Wrong about gold dollars! They were actual USA gold coins minted for circulation 1849-1889. The song "Last Gold Dollar" is about a coin, not a pretty piece of paper.
The USA did issue gold backed paper money known as Gold Certficates in denominations ranging fro $10 to $100,000. Unlike silver backed Silver Certificates and unsecured United States Notes, Gold Certificates were never issued in $1, $2, ad $5 denominations. (The $100,000 Gold Certficates were only used to settle accounts among central banks, and were never released for general circulation).