Coin of the Realm; What Is It?. Or, Talks about Gold and Silver Coins. with a Few Practical Lessons Based on "Norman's Single Grain System"

Coin of the Realm; What Is It?. Or, Talks about Gold and Silver Coins. with a Few Practical Lessons Based on "Norman's Single Grain System"

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1888 edition. Excerpt: ...was 6s. 6d., or coal bills. 36-725 grains; and Mr. Clarke's coal bill came to two guineas, or 237-303 grains. But father, I don't yet see the good of our reckoning in grains of gold, like this. Mr. Bullion: I will try to make that clear to you, Will. Tjse of single 3Were I sure you would never be called upon to handle or think STM11 syBtem. about any metal money except that which is circulated in Great Britain, I should still wish you to master this "Single grain system," because by it you will acquire a knowledge of the true value of every coin of the realm. I have already told you that the value of our silver and bronze token coins is much less than it passes for, and depends entirely on the number of grains of standard metal they represent; but there are very few people who recognise this important fact. I trust that from henceforth you three young people will never lose sight of this truth--namely, that silver and bronze coins are only tokens of gold in this land. I want you also, from this day forth, to think of price as a definite weight of fine metal, that metal which is the standard in the country where the price is quoted. You cannot get the article priced unless you can command this metal, or one of its tokens which has equivalent value with the metal. There is another great reason, however, for my wishing you to get into the habit of thinking that every coin you handle contains Value in English money of moneys of account in foreign countries. Value and price. Will's definition. Alice's definition. a certain number of grains of gold, or represents so many grains or fractions of a grain of fine gold. We are not going to stop at British coins; I want you all to be able to tell me by the end of this week the value in England of...show more

Product details

  • Paperback | 66 pages
  • 189 x 246 x 4mm | 136g
  • Rarebooksclub.com
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236510003
  • 9781236510006