These certificates were freely convertible into gold coins.Ī gold standard is a monetary system in which the standard economic unit of account is based on a fixed quantity of gold. Gold certificates were used as paper currency in the United States from 1882 to 1933.
The coin to the left is Swedish and the one on the right is Danish. Two golden 20 kr coins from the Scandinavian Monetary Union, which was based on a gold standard. Monetary system based on the value of gold
