Money

Bibliographic data

Monograph

Identifikator:: 1819853969

URN:: urn:nbn:de:zbw-retromon-207464

Document type:: Monograph

Author:: Cannan, Edwin http://d-nb.info/gnd/118666916

Title:: Money

Edition:: 6. ed.

Place of publication:: [London]

Publisher:: King

Year of publication:: 1929

Scope:: XII, 120 Seiten

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Part I. General principles

Collection:: Economics Books

VALUE OF A LIMITED COIN 35 This will happen because the metallic contents of the coin will then be worth more than the value at which the coin js rated and circulates, and the cheapest source of supply to any one who wants the metal for industrial purposes will be the coinage. Thus if silver went up to more than 66d. the oz. troy, instead of buying silver in the bullion market manufacturers of silver goods in this country and elsewhere would as far as possible get what they wanted by melting English silver cc’as, which as coins are only worth 66d. the oz.tr~v, and which they could therefore get at that price in sm 1 qri~-tities, and at a very little more than that --ice in large quantities. The silver coinage would .isappear, and every one would be inconvenienced till some substitute equally good was discovered : in some countries this inconvenience has actually occurred. The way to prevent it is for the Government to take time by the forelock and issue a lower weighted (or more alloyed) silver coinage before the depletion of the coinage begins, and to draw in as fast as possible the old heavier (or purer) coin. If this is done sufficiently promptly a balance of silver will remain in the hands of the Government and no one will be hurt.1 There is no necessity for a whole series of coins of this character to contain the same proportion of metal to their coin value, and it is often convenient that they should not. This was recognized when to make them more portable evr nennies were made less than dont?! 4 won Ta half-pennies, and the princir’ ’ to coins of higher denomir ce is too small and the * merican dollar are ‘ - r © paragra. 1 wes written the price of silver rose great!" 2nd in the sess’ ‘2 «) parliament authorized the issue of silver coins all- ner cent. A ftp +h,

Access restriction

Copyright

fullscreen: Money

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation