The native American. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1840, 1839-11-16
From LEford's Baltimore Price Current.
ENCHANGE-FRoM OFFICIAL SOURCES
MEMORANDA.

The American dollar contains 37l4 grains Of
pure silver, or Al Is grains Of standard silver.
The Spanish dollars ale not all of the same
weight. Those in circulation in 1929 were said
BY the director Of the mint to be worth on an
average, 100 cents 3 mills.
The Mexican dollars are said 10 be equal to the
Spanish.
The 9 Carous'' dollars are the Spanish dollars
coined prior to the year 1909, in the reigns Of
Charles III, and w. They are said TO be not
superior in weight and fneness TO the Mexican.
| The American eagle Of the old coinage, previ-
Gus to the 3lst Of July, 1884, contained 247a
grains Of pure gold
The American eagle Of the new coinage con-
tans 232 grains pure gold.
The British sovereign, when coined, contains
ll3 grains and ls-12l4 parts Of a grain Of pure
gold, worth according to our present mint valua-
ton, $4,87 6-l20.
The Spanish doubioon should, according to the
regulations which have nomially prevailed since
the year 1872, contain 376 grains Of pure gold,
which would, at our mint valuation, be worth l6
dollars 30 cents. But, according to assays made
at the London and Philadelphia minis, previous
to the year 1929, Spanish doubloons contained
only from $50 TO 362 40 grains Of pure gold.
This would make their average value, at our mint
valuation, about $l5,569,
The Patriot doubloons are said to be equal in
weight and fineness to the Spanish.
The difference in the price Of Spanish and Pa
triot doubloons, and of the different species Of
dollars, at New York and Philadelphia, is chiefly
owing to difference Of demand for them in foreign
markets.
In the price currents, Sd, 449 are assumed as
the par Of exchange on England. This practice
began when the Spanish pillar dollars We're in
circulation, and when the market value Of gold,
compared with silver, was less than it is at pres
ent. The true par varied as the market value of
gold varied, when compared with silver. 1t was
estimated by Mr.. Gallatin, writing in 1920, at 7
per cent. above the nominal par; by others, at 8
per cent.
Since the passage of the act Of 1884, for refor-
ming the American gold coinage, the true par cx-
change with England estimating gold against
gold, is about 97-lO above the nominal par.
The quotations of exchange on France are SO
many francs and confines payable in France for
a dollar paid here. According to the regulations
Of the French mint the silver franc should contain
50 ,543 troy grains of pure silver, equivalent to
Is 7OS-lO00 cents in silver currency of the Uni
ted States. The quantity of pure silver in an
American dollar is equal to that in francs 81
$4,000 centmes. But as foreign coins are not
legal tender in France, and as seignorage Of
about ! per cent. is charged on silver coinage at
the French mint, American dollars when sold as
bullion in France, are said TO bring, on an aver
age, not more than francs &c 25- 1000 confines.
This is, by some writer's, assumed as the par
Of exchange on France.-Other writer's assume 5
francs "a centimes as about par.
! The quotations Of exchange on Holland, are
so many cents guilder on Hamburg, SO many
cents mark banco and on Bremen, so many
cents riy dollar.
| The exact value Of The guilder of Holland is
80 97-1O0 cents Of United States silver currency;
but 40 cents usually assumed as the par Of ex-
change.
The mark banco of Hamburg is a money Of
account, equal to 35 l44-lOOO cents United States
currency.
| The rix dollar Of Bremen is a money of ac-
count equal 10 80 cents and very small fraction
| United States currency.
| The quotations Of foreign exchanges are for
bills payable sixty days after sight.
The quotati ons of domestic exchange are for
bills payable at sight.