British Quarterly Review, American Edition, Vol. LIII: January and April, 1871 — John Shaqi
British Quarterly Review, American Edition, Vol. LIII: January and April, 1871Various
History
British Quarterly Review, American Edition, Vol. LIII: January and April, 1871
Various
English periodicals
Number of sovereigns enumerated 90,474
Number of half-sovereigns enumerated 75,036
------
Total number 165,510
'At least one gold coin in every hundred now existing in
this country was, on the average, enumerated; and, as there
were 321 separate returns received from 213 distinct towns
or localities, including almost every place of commercial
importance, it may be allowed, I think, that sufficient
data were acquired for determining the average character of
the circulation.'--_Journal of the Statistical Society_,
vol. xxxi., p. 439.
Mr. Jevons' inquiry was, as he describes it, made in a private manner,
but it was, beyond question, conducted most efficiently and thoroughly.
And there is no reason to doubt that he has rather under-estimated than
over-estimated the case when he states, that about 45 per cent. of the
sovereigns and 62 per cent. of the half-sovereigns now in circulation in
the country are lighter than the legal standard. If this statement
appears excessive to any one, he can easily verify it for himself. He
has only to go to his banker, in whatever part of the United Kingdom he
may reside, and ask him to provide out of the gold in his till--out of
the ordinary circulation of the locality--100 sovereigns of _full_
weight. Then, if he inquires how many sovereigns have been picked over
to obtain this number, he will--within those reasonable limits of
variation which every similar calculation is liable to--find that Mr.
Jevons' statement gives a correct idea of the ordinary circulation.
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