Showing posts with label 1817. Show all posts
Showing posts with label 1817. Show all posts

Thursday, August 1, 2013

Gold Sovereigns, 1817-1890

A Guinea in Mint State weighed 8.387 g. or 0.26966 Ozt. A Guinea less than 8.294 g. or 0.2666 Ozt was no longer legal currency; the loss or 1.438 English Troy Grains rendered the coin 'bullion.'




In 1817, the calculated Mint full weight was 123.2745 grains.  Dr. Gregory's lecture refers to an analysis of 1825.  

50% of Sovereigns circulating weighed ~123.274 
20% of Sovereigns circulating weighed ~122.78
10% of Sovereigns circulating weighed ~122.5245
10% of the Sovereigns circulating weighed ~122.27
 
 










1826:
Circulating Sovereigns of 1825 weighed, on average, 123.1926




 c. 1830


1833:


Citation: Tables of the Revenue, Population, Commerce, Etc. of the United States &c, Vol. 3 No.16, Coin





1837/8: The average Sovereign circulating in the USA weighed 123.5 grains, in excess of the Mint weight.




Jevons removed 434 average Gold Sovereigns from circulation in Manchester
From Mintage statistics and Jevons' weights and arithmetic sample averages, it's relatively easy to determine with reasonable certainty the reigns/dates of the coins sampled.  

In the periods 1817-29 and 1830-39, 49 of the 53 coins were pre-Victorian dates. Assuming all coins by mintage at full weight and then by wear, the discrepancies are perceptible.

In an arithmetic sample, Geo. III sovereigns would have been 10% rather than 2% of the lot; Geo. IV is somewhat overweighed likewise.  Factoring mintage, Jevons' coin sample must also be biased to later years in most periods by his own calculations.
 
Jevons' Sample             Total Mintage (Est. Avg.) 
 
Geo. III (1) .................. Geo. III (5) : 
1817  (1) ....................... 1817 (3)
..................................... 1818 (2)
 
Geo. IV (33) ............... Geo. IV (30) : 
1821  (4) ..................... 1821 (7)
1822  (3) ..................... 1822 (4)
1824  (4) ..................... 1824 (3)
1825  (6) ..................... 1825 (3)
1826  (6) ..................... 1826 (4)
1827  (3) ..................... 1827 (2)
1829  (4) ..................... 1829 (2)
1830  (3) ..................... 1830 (4)

Wm. IV (15) ............... Wm. IV (14) : 
1832  (6) ..................... 1832 (6)
1833  (2) ..................... 1833 (2)
1835  (-) ..................... 1835 (1)
1836  (4) ..................... 1836 (3)
1837  (3) ..................... 1837 (2)













1833 Mint Experiment




The current weight of a Sovereign was 122.5 grains.

1848:






1858:











 




1860: If the Mint was in operation 253 days per year, between 15,000,000 and 17,000,000 Sovereigns might be weighed and ~250,000 - 500,000 Light Sovereigns would be removed annually, ~ 1.67% - 2.86% or of the coins weighed were light & removed.





In Vancouver in 1860, ~30% of the Sovereigns were light < 122.75 English Grains Troy, deficient more than 33.93 Milligrams.

 


1869:









1890:




Saturday, November 5, 2011

London Exchanges, 1815-1818

Tuesday, July 26, 2011

1817

London Exchanges, 1817 

 

USA:

Where the Spanish Dollar was 420 English Troy Grains .896 Fine Ag = 0.784 Ozt Fine Ag

February, 1817: S$ 1. (Ag) = USD$ 1.045
February, 1817: 1 Troy Ounce Silver Alloy (Spanish Coin) = USD$ 1.1943
February, 1817: 1 Troy Oz Silver (Sp. Coin, Intrinsic) = USD$ 1.5233
 
Where the Spanish Doubloon was 416.5 English Troy Grains .872 Fine Ag = 0.75 Ozt Fine Au
the US money mkt premium on Doubloons was 9.07%.
 
November, 1817: S$ 16. (Au) > USD$ 16.00
November, 1817: 1 Troy Ounce Gold Alloy (Spanish Coin) = USD$ 18.511
November, 1817: 1 Troy Oz Gold (Sp. Coin, Intrinsic) = USD$ 21.359
November, 1817: 1 Troy Oz Gold (.999) = USD$ 19.5835
 
February, 1817


November, 1817:


1817: $ 1. = Fr. 5.263
 
1817: USD$ 1. = Fr. 5.373
1817: USD$ 1. = £ 0.2215
 









Uncertain dates.

c.1817
 


1817: the Moneys, in Sterling Pence:





1817: 


c.1818:


France:

c.1816/7:
USD$ 1 = 0.868070169 Ozt; .917 Fine Ag = 0.796020345 Ozt Fine Ag


 


c.1819:

Austria:



Russia:

S$1. (Ag .8889: )







c.1817:

5-Rouble, 6.45 g. (0.9176 Fine Au = 5.8916 g.; 0.1903 Ozt)
1-Rouble, ~1.29 g. (0.9176 Fine Au = 1.1835 g.; 0.0381 Ozt)
1817: 1 Troy Ounce Gold (Rouble Coin, 0.9176 Fine Au) = 26.28 руб-Au

c.1837: Erfurt in Thuringia (near Jena) Reichstaler of 24 Gutgroschen?
24 karat of 12 gran = .999 Fine Au, calculating on Netherlands Weights.