Sixteen Months At the Gold Diggings

Cover Sixteen Months At the Gold Diggings
Sixteen Months At the Gold Diggings
Daniel Bates Woods
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Is written 18* 15 oz.
The fineness of bullion is expressed in thousandths. The standard of our coins, as fixed by law, is 900 thonsandlhs ; that is, in 1000 ounces of coin, 900 ounces must be pure metal, and 100 alloy. The fineness of depK)sits is similai'ly expressed. Thus, 860 thousandths fine signifies that of a given weight (of gold, for instance) 860 thou- sandth parts are pure gold, and the remainder ( 140 thousandtlis) some other metal.
When bullion is left at the Mint for coinage, a rec
...eipt is given to the depositor, bearing the date and number of the deposit as entered APPENDIX. 195 iu the weigh-book, and made payable to him or his order. Lu this receipt, of course, only the weight of the bullion before melting can be stated ; its value depends upon its weight after melting, and its fineness, which is to be subsequently determined by assay.
Each deposit is separately assayed and reported upon by the as- sayer. Its value is then calculated, and a detailed memorandum pre- jiared, exhibiting the number, date, depositor's name, kind of bullion, weights before and after melting, fineness, silver parted (if the de- posit is gold), value of the gold, value of silver parted, deductions, and net value payable to the depositor.


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