1700 - 1799 A.D.

1700 A.D.
buy gold: sir issac newtonThe discovery of gold is made in Brazil.  The country goes on to become the largest producer of gold by 1720 and is responsible, at this time, for nearly two-thirds of the world's output.

At the same time, Isaac Newton, who was Master of the Mint, fixed the price of gold in Great Britain.  In doing so, the gold price was established and this lasted for over 200 years.

1744 A.D.
Discoveries of gold at Ekaterinburg meant that gold mining began again in Russia.

1787 A.D.
The first gold coin is made in the US by a Goldsmith called Ephraim Brasher.  Brasher was a New York Goldsmith and well respected member of the community.

1792 A.D.
The Coinage Act is passed in the United States and this introduces the bimetallic silver-gold standard.  By this standard, the US Dollar is defined as being equivalent to 24.75 grains of fine gold and 371.25 grains of fine silver.

1799 A.D.
buy gold: gold nuggetThe first recorded discovery of gold is made in the United States when a 17 pound gold nugget is found in Cabarrus County.

 


Buying physical gold is not regulated by the Financial Services Authority (FSA). For the benefit of doubt, we are not Financial Advisors or fund managers nor do we give financial advice. The information contained on this website is for "informational purposes" only, and does not replace professional, regulated advice. We encourage you to do your own research before buying gold or silver, and to seek out professional advice from an Independent Financial Adviser (IFA) if you are unsure.