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Foreign Gold/Silver backed currency

5 posts in this topic

Posted

Does anyone know of any older foreign currency that was backed by gold/silver and it stares that on the note. Kind of like the gold/silver certificates of the US. Prefer english language notes, but other languages would be nice also.

Posted

Its been a week since I orginally posted this question. I guess the answer to it is no, or know one knows or know one cares. Unfortunately I am not able to read every language in the catalog. I found out that China did not do it that way. I would think some european countries like Switzerland, older Spain, Netherlands, France, Italy would have Bills created that stated it was good for X number of ducats or something.

Posted

I thought some Japanese and or Chinese notes had a gold clause, but it was in the local language.

Posted

I am not aware of any, but in the Western European countries, it was understood that the currency was exactly as defined by the current law, and most were not on the bimetallic standard that we had in the US. So a pound sterling was a defined weight of silver and a sovereign was a defined weight of gold, even though they were of equivalent value.

Posted

Only the US and France used the bimetallic standard. France finally gave up on that after 1873. The Britich pound was defined in gold, only.