Thinking about gold value? Well, most countries is dominated by first silver standards. Prices were found in the specified quantities defined by silver currency units. In daily payments were both silver coins and coins Kurant use. During this time, circulating gold coins to silver had a course Kurant money, which was read on the exchange lists of stock exchanges. Gold money were in the single country, the function of “special charge” for the payment of “highly valued” goods and served as trade coins to pay for trade partners from abroad.
Most industrialized countries changed in the 19 Century a gold standard. In Germany, bank notes were in part by gold, partly covered by good commercial bills with a maturity of three months. Notes of the Reichsbank, the Reich Treasury notes and coins were to request funds from the Reichsbank (any) traded currency in gold coins. German private banks issue notes exchanged with its own and also requested of them in gold coins, banknotes in circulation. Because of the ruling passed before the First World War stable monetary conditions in Germany in the daily financial transactions no rate differences between gold, paper and book money. Also by this time largely stable exchange rates was marked between the gold standard countries.