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This credit is generally about five per cent below the mint price of such bullion.
Since that reformation, the market price has been constantly below the mint price.
Before the reformation of the gold coin, the market price was always more or less above the mint price.
A person can generally sell his receipt for the difference between the mint price of bullion and the market price.
The current price of gold bullion at market, therefore, instead of being the same with the mint price, or L46 14s.
The Bank of Amsterdam gave credit for deposits of gold and silver worth about 5 percent less than their mint price.
Starting in 1857, vereinsthalers were minted with a mint price of 14 thalers per mark of silver.
MINT Prices have reduced down to 'normal levels'.
But in 1695, the common price of silver bullion was six shillings and fivepence an ounce, which is fifteenpence above the mint price.
After Dinner Mints Price includes: Crockery, cutlery, chafing dishes, serviettes, serving equipment, food display tables with linen.
Though the market price of silver bullion has fallen considerably since the reformation of the gold coin, it has not fallen so low as the mint price.
It was a face-value coin whose mint price was defined as 24 guilders per Mark of silver since the Munich Coin Treaty of 1837.
Upon the reformation of the silver coin in the reign of William III the price of silver bullion still continued to be somewhat above the mint price.
Before the late recoinage of the gold, the price of silver bullion was seldom higher than five shillings and sevenpence an ounce, which is but fivepence above the mint price.
In Holland the market price of bullion is generally above the mint price, for the same reason that it was so in England before the late reformation of the gold coin.
The proportions between the bank price (the credit which the bank gave for deposits of bullion), the mint price, and the market price of gold bullion were always nearly the same.
As the reformation of the silver coin did not then reduce the price of silver bullion to the mint price, it is not very probable that a like reformation will do so now.
The holder of a receipt, when he purchased bank money, purchased the power of taking out a quantity of bullion, of which the mint price is five per cent above the bank price.
Five shillings and twopence an ounce, therefore, is said to be the mint price of silver in England, or the quantity of silver coin which the mint gives in return for standard silver bullion.
There subsists at present a like permission of exporting gold bullion, and a like prohibition of exporting gold coin: and yet the price of gold bullion has fallen below the mint price.
Thus by the edict of January 1726, the mint price of fine gold of twenty-four carats was fixed at seven hundred and forty livres nine sous and one denier one-eleventh, the mark of eight Paris ounces.
Three pounds seventeen shillings and tenpence halfpenny (the mint price of gold) certainly does not contain, even in our present excellent gold coin, more than an ounce of standard gold, and it may be thought, therefore, should not purchase more standard bullion.
The maravedí de plata (silver maravedí) gradually came to be used as money of account for larger sums, for the value of gold coins, and for the mint price of silver, and eventually it supplanted the sueldo as the main accounting unit.