Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1839-11-28
NO.A3.
From Official Sources.

L
Grains of standard silver.
The Spanish dollars are not all ol me
cam, eish. Those in circulation IN Io29
were said pv The director ol the mint 10 DO
worth ON an average, loo cents s mills.
The Mexran dollars are SAIL to DC. e
quail to The Spanish. -,
The "Camlus" dollars are the SPAN
ish dollars coined prior to the year lSos'
in the reigus of Charles III and v. lhey
are s,id 10 be nor superior in weisht ana
incness To the Mexican.
The American Eagle Of the OLD cmnage'
previous to the 2ls of July, 1884 con-
tained 247b grains Of pure gold. ;
The American Eagle Of the new cO'n-
age contains 232 grains Of pure gold.
The British snverrigm, when coined
contains l13 grains and 1S-l2l4 parts of
eraiu orpurc gold, worth arsor',,aS ,sG 10 our
nres.p, n; ;nl valuation. 81 81 1,i2p. :.
The Spanish doublnon should accord T
ins,o the rrynlari"i which have nnn n"mlnaily
m prevailed since 1772, c0"'aIns $40 grains
of pure noM, which would, at "1f "''as
y,Ina,inn re worth l6 dollars 20 cents.-
Bnt acquiring to assays made at the L"n-
don and Philadelphia minis. previous 10
the wear 1929. Spanish donhloons contain
cd onlv from 800 TO 362 4-lO grains of
nure prId. This would make their aver
aue yalue. at our mint valuation, about
Sl55i3
The Parriot doublonns are said to be O.
1unl in weight and fincn"ss to The spanish.
The difference in the price of Spanish
and parrio, ,louhlnons, and Of The dlfer-
cur species Of dollars al New York and
philadelphia, is chiefly owing to the differ
cuce of demand fnr them in foreign mar
kers.
In the pricc currents. sdl44-9 are as-'
su,nrd as the par Of Exchange on Eng
Iund. This Practice began when 'he
Spanish pillar dollars were III clrrnla'l"n'
and when the market value of gold. COM
nared with silver. was less than it is at
present. The true par varied as the mar
kcr valre nr gold varied. when compared
with silver, i was estimated by Mr.. Gal
latin. wiring in 1929. att per cent above
tne nominal par; by others at IS per cent.
Since the passage of the act of 1884, for
reforming the American gold coinage, the
true mar exchange with England, esllma-
ling guild against gold, is about , 7-iU a.
hcvc the nominal par.
The ouota,inns of exchange on France
are So many francs aud centlmes payable
in Franre fur IA dollar paid here. Acror-
ding 10 The regulation of the French mint
the silver franc shonll rontain 69.A;"3 roy
erain~ of pure silver. rqui>alen1 10 iS!oS.
IDalJ cents in silver ru-reucy Of the Unied
States. The quantity of pure silver IN all
American dollar is equal 10 lha' m :, francs
"a 53l 1000 sentimes. Bu' as foreign
Gains a c unt a g'.l tender in France and
as ,pisnoraae of ahnrt Il per cont Is
charged on silver coinage AT the French
mini. a mpricam dollars. when sold as hull
lion in France, are said to bring. on an
average. nor more than francs 26 25-
1000 cenlinrs. This is, 10y some writers,
assumed as The par ofcxchange on France.
Other writers assume 5 francs 81 rrnrmes
as about par. The quotations ofexchanse
nn Hn!Iand, are so many cents aSuihlrr;
un Hamburg. 50 many cents mark BAN
co and on Bremen So many cents rix
dollar.
The cxarI value Of The cnillrr Of Hol-
land is 80 81 100 cents of United States
silver currency; hul 40 cents are usually
assumed as The par Of Exchange.
The mark hanro Of Hamburg is mo-
ney of account, equal 10 81 Al 1000 cents
United States currency.
Th' rix dollar Of Bremen is n money Of
account, equal to 81 cents and a very
small fraction United States currency.
I'll" qnolaIi"i'> Of i"reign exchanges arc
for bills payable sixty days after sight.
The quotations of domestic exchange
are for bills pa. .abe al sight.-Pric' Cur
rent.