That’s a lot of coin. Someone can please check my arithmetic, but in 1867 it would have equaled 360,000 US $20 gold eagles.
Did Treasury have 360,000 double eagles or equivalent? Or, would they have paid out silver dollars?
I suspect the “in coin” was for the books and the money was placed in an account for Russia to use the $7M. No proof of this though. This site implies he did walk away with bullion coins.
$7M for Russia because the US gave de Stoeki $200,000 for his a-hem “work”
How do we know that? Most definitely “in coin” really meant something then, that’s why I asked. Sometimes called specie.
Now I’m starting to question myself. Looking at this table, maybe Riggs could have 360,000 double eagles available … weighing in at just over 12 tons of gold coin.
its pretty much the equllivant of someone buying your “marker” or like modern debt collection where credit card comp ny sells your debt to don corelone inc collections for 50-75 cents on a dollar and its up to them to get it back
I dunno! It certainly seems they were entitled to it, per the terms of the contract. It might have taken a while.