Bank Catechism Items of General Interest Relating to Banking
Bank Catechism Items of General Interest Relating to Banking
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28 What constitutes light-weight coin, as determined by the United States statutes? Ans. — The loss of one-half of one per cent in gold coins will com- pel the Treasury Department to stamp the same "short, " It will then need to be sold for merchandise, or the United States Mint will pur- chase as bullion at $20. 67 P^^ troy ounce, and will make no charge for recoinage. Silver coin light and uncurrent, if not altered in any manner except by natural abrasion, to which there is practically no lim...it, so long as the coin may be identified and does not show material loss of metal, will be redeemed by the Treasury Department. If $5, 000 of United States gold or silver coins, by accident of fire shall be melted to a mass and cannot be identified as coin, upon what terms will it be received at the mint for recoinage? Ans. — If gold cannot be identified as coin the government will pay for it as gold bullion at $20. 67 P^^ ounce troy weight, after deducting the usual charges for coinage. If it can be identified the charges for coinage will not be imposed.
What to read after Bank Catechism Items of General Interest Relating to Banking?
You can find similar books in the "Read Also" column, or choose other free books by William Post to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
28 What constitutes light-weight coin, as determined by the United States statutes? Ans. — The loss of one-half of one per cent in gold coins will com- pel the Treasury Department to stamp the same "short, " It will then need to be sold for merchandise, or the United States Mint will pur- chase as bullion at $20. 67 P^^ troy ounce, and will make no charge for recoinage. Silver coin light and uncurrent, if not altered in any manner except by natural abrasion, to which there is practically no lim...it, so long as the coin may be identified and does not show material loss of metal, will be redeemed by the Treasury Department. If $5, 000 of United States gold or silver coins, by accident of fire shall be melted to a mass and cannot be identified as coin, upon what terms will it be received at the mint for recoinage? Ans. — If gold cannot be identified as coin the government will pay for it as gold bullion at $20. 67 P^^ ounce troy weight, after deducting the usual charges for coinage. If it can be identified the charges for coinage will not be imposed.
What to read after Bank Catechism Items of General Interest Relating to Banking?
You can find similar books in the "Read Also" column, or choose other free books by William Post to read onlineMoreLess
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