The Strand Magazine, Vol. 01, Issue 02, February 1891: An Illustrated MonthlyVarious
General
The Strand Magazine, Vol. 01, Issue 02, February 1891: An Illustrated Monthly
Various
English literature -- Periodicals; Short stories, English -- Periodicals
connection with the currency are numerous. In 1889 110 persons were
convicted out of 194 charged with issuing counterfeit coins, having them
in their possession, or actually making them. The more ingenious the
device on the coin produced by the Imperial mint, the less likely is a
counterfeit to pass muster for long.
[Illustration: DRYING BLANKS.]
The coin leaves the Press-room complete, and has to pass only one other
ordeal, that, namely, of the Weighing-room. Here it is placed on a
wonderful automatic balance. If it is too light it falls into a drawer
on one side, if correct into a drawer in the centre, if too heavy into a
drawer on the other side. The average of coins which are either too
heavy or too light, and consequently have to be returned to the melting
pot, is, owing to the smallness of the "remedy" or margin of weight
allowed, as much as 13 per cent.
There are thirty of these little machines employed, and their
workmanship may be judged by the fact that each one costs £300. Bronze
coins are not subjected to this severe test, but are weighed in bulk in
a huge scale. Every year there is what is called "The Trial of the
Pyx"--the pyx being the chest containing sample coins. A coin is taken,
without preference, from every "journey weight" of gold, a "journey
weight" being 15 lb. troy, or 701 sovereigns, or 1,402 half sovereigns.
The work of testing is performed by a jury, composed of freemen of the
Goldsmiths' Company in the presence of the Queen's Remembrancer, and the
report of the jury is laid before the Treasury. The yearly verdict shows
how wonderfully and uniformly accurate the standard of fineness has
remained, averaging, as it did in 1889, according to the Deputy Master's
Report, 916·657, the precise standard being 916·6. As regards silver,
the English standard of 925 is, with the exception of certain coins,
averaging 945 in the Netherlands, the highest in the world, the average
in France being 835, and in Germany and the United States, 900.
[Illustration: COINING PRESS.]
Public-domain text, read in full here on John Shaqi.
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