1828

England paying gold again

In 1828 the Bank of England is paying gold for its notes again. The United States is still on the 1792 mint ratio.

Gold sovereign of George IV.
Gold sovereign of George IV. Britain has been paying gold for Bank notes since 1821. Not a United States coin, and not a statute of this year.CC0.

Full gold payout resumed in 1821. The pound can be tested in coin. That resumption is already in force. It is not a new statute this year.

The United States still defines the dollar in gold and silver at the 1792 ratio of 15 to 1. At that ratio gold often left and silver stayed. The change toward roughly 16 to 1 is 1834. Jackson’s veto of a new Bank charter is 1832.

Early U.S. coinage