The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1864-12-26

A
silver coin can be deprived Of ts original beauty and be-
come OF such hue 10 have ts genunsuess called into
question Ere s,aminnm white - nrst assumes BLUSH
though closely resembling gold At 1rst was found after
being held in the swesy hand for few hours to have
received an ugly tarnsh which destroyed the last argu
meot Sor employing In currency. After these
experiment. were concluded, others were started
In hopes Of finding binary or tcrnary alloy, which
would answer the required conditions especially as TO
ductaity and keeping Color for coins OF grade little
gross had been made Il became evident rom the fact
that cents were boarded to such extent as 70 kncp
them gu. q circulation that 10 the Of the
currency would be futile to attempt carry out the
end Or our nations troubles is nigh, and thai La
We may confidently expect N nnux Of silver.
always more acceptable than any substitute which Win
cous equal to any demand. Our countyy y rs'I OF
the precious mctals-the supply ioexbaustble. Peace
sumetncir proper channels in The currency Of The coun
try.
un SILVER DOLLAR
Permit me again 10 refer the anomaous charsctey of
tho silver dollar OF the United states and obscrva
tons on this snbecti Ia former reports The whole dollar
should be made IN weight and value tho exact multiple
OF fractional silver currency ara the rod dollar
should be, ~ law, declared the unit Of value OF
money.
EArrnvr o. yosrdr COINS.
Inc statement o. foreign coins, as required by law,
win be found appended 20 ths report.
We have no change 70 make 10 tables except 10
the single item Of the average nnen-ss value Of the
British sovereign. Heretofore have reported new
sandths OF OUNCE aud inc value before deduction
$3.50 "a Their standard OF 1neuess oe but our mode
OF roporog 10 tue half thousandth add the above s
the nearest statement we can mske 81 tho American
value OF pound sterling In perfect condition AT the
same time, In consequences u the admixturs OF old
any lot We have been reporting the average OF
wei5bt, hneness and value, al lower figures making
about two cents less per sovereign pound The
skilful and exact mslhods OF sssaying and alloy.
Ing visch hsvo been pursued ia the British
Mint have brought up tho average nneness 20
such measure that we might report them a. Of
full standard " were not that there are still good
many old peces 10 be met with whose hneress Is not
over 95h. We might call the average even with these
Pick but 10 accordance with method put
them down bisher than $40 The Corrected statement
will be found In the table Of gold coins.
necessary 10 add that tho value after deductionr
means srspy after deducog the Mint charge OF vne hax
per cent II brought 70 the Mint Tor reconaye severn.
meet TAX Of half per cent Will DO fur tnsr deducted
mich holds Of ali coins except void coins Of the
United states prior 70 the change OF tss dard in 1854
The Medal Department OF tho NIT M 10 succesafuI
eperstion and It's productions duly BIZ the
government and the public.
Some valuable additions have been made 10 shs oahi
~ purchase gift during tho pat year THIS de-
pssinsut Of our inssitutsa Y very alssc,ivs end Ne