Inkassotarif für Asien, Afrika und Australien

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Monograph

Identifikator:: 1751319059

URN:: urn:nbn:de:zbw-retromon-129553

Document type:: Monograph

Title:: Répertoire des administrateurs & commissaires de société, des banques, banquiers et agents de change de France et de Belgique

Place of publication:: Paris [u.a.]

Year of publication:: [1926]

Scope:: 1316 S.

Digitisation:: 2021

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: Taxe mobiliere

Collection:: Economics Books

VALUE OF A LIMITED COIN 27 it is obvious that the plenty of current coins of gold and silver of this kingdom is of great advantage tc trade and commerce.” The effect of a charge for coining is to tend to raise the ordinarv value of the coin above that of the uncoined metal -7 the amount of the charge, just as any charge for the manufacture of any other article ordinarily raises its price by a corresponding amount above the value of the raw material. It restricts the production until the manufactured article is sufficiently above the value of the raw material to make the manufacture pay. So, if our Mint coined all gold brought to it, but charged 5 per cent, any one who brought enough gold to make 100 sovereigns would only get 95 sovereigns in exchange for it, and in consequence no one would bring gold to the Mint <~ long as he could get more than g5 sovereigns ~~ for that amount of gold elsewhere. Whenever .. was worth while to get gold minted it would be because the market price of gold was only £95 for the quantity out of which 100 sovereigns were made, and when the price of gold is at that level it means that ninety-five sovereigns—f£g5— will buy enough gold to make 100 sovereigns, so that the sovereign is worth 1% of the gold of which it is made, or to put it in other words, that the coin is worth one-nineteenth more than the gold in it. It cannot be more than this for any appreciable time where coinage is ‘‘ free,” i.e. any one can bring as much gold as he pleases to the Mint and have it coined on paying the charge. So if the demand for coin were to increase rapidly, it would be met by a greater supply On t>~ - "¢r hand, the value of the sovereign mig: * ovr «hundred ninety- fifths of the 7." _ _ _I come Guration, owing te. dec... new coinage would not tale nie In “he value con’? not in

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