Why Henry III's gold penny failed

Re:Why Henry III's gold penny failed by bullen on Monday January 31, 2022 @04:55PM (#30155089)

If you only look at scarcity gold should be 6,55x more valuable today when 1.600.000 tonnes of silver has been mined vs. 244.000 tonnes of gold.

I don't know what the mined quantities where back then but 1:10 seem arbitrary, maybe because we have 10 fingers like everything else (decimal)?

The ratio is today 1:80, an order of magnitude!

Oxidation is that important?

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Re:Why Henry III's gold penny failed by woleium on Monday January 31, 2022 @10:45PM (#30158394)

I think it's more to do with the reduced availability of silver back then.

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