TABLE No. 2.-RELATIVE VALUES OF GOLD AND UNITED
STATES NOTES.

Showing the gold value of United States notes with gold at any price
not exceeding 285* in currency.

*According to the officially-published quotations of the gold market in New
York, the currency price of $100 gold reached its maximum on the 11th day of
July, 1864, the quotations for that day ranging from $276 to $285. The average
price of $100 gold for the month of July, 1864, was $258.10, and the average price
of $100 gold for the quarter-year ending September 30, 1864, was $244.90.

TABLE No. 3.

Showing currency price in dollars of one hundred dollars in gold in the New York market by months, quarteryears, half-years, calendar years and fiscal years, from January 1, 1862, to August 31, 1875, both inclusive.

1862. 1863. 1864. 1865. 1866. 1867. 1868. 1869. 1870. 1871. 1872. 1873. 1874. 1875.

102.6 153.4 159 198.5 136.3 135.7 139.8 133.8 117.8 111.1 109.8 114.1111.9 114.2
103.8 148.3 186.6 141.4 135.9 136.7 139.5 136.7 113.6 111.5 112.9 117.3 112.4 115.9
116.2 130.2 244.9 143.2 148.6 141.2 143.9 135.7 116.5 113.1 114.1 114.6 109.8 114.7
130.6 148.9 222.7 146.2 142.9 139.3 135.6 126 111.6 111.2 112.8 109.2110.9

103.2 150.8 172.8 169.9 136.1 136.2 139.6 135.3 115.7 111.3 111.4 115.7112.2 115.1
123.4 139.6 233.8 144.7 145.8 140.3 139.8 130.8 114 121.1 113.4 111.9 110.3

113.3 145.2 203.3 157.3 140.9 138.2 139.7 133

114.9 111.7112.4113.8111.2 137.1 156.2 201.9 140.4 141 139.9 137.5 123.3 112.7 111.8 114.6 112 112.7

TABLES Nos. 4 AND 5.

EXHIBITING THE VALUES, IN UNITED STATES MONEY OF ACCOUNT,
OF THE PURE GOLD OR SILVER REPRESENTING, RESPECTIVELY,
THE MONETARY UNITS OF FOREIGN COUNTRIES, AND THE VALUE
OF THE STANDARD COINS IN CIRCULATION OF THE VARIOUS
NATIONS OF THE WORLD, JANUARY 1, 1874.

TREASURY DEPARTMENT, WASHINGTON, D. C.,
January 1, 1874.

"that

The first section of the act of March 3, 1873, provides the value of foreign coin, as expressed in the money of account of the United States, shall be that of the pure metal of such coin of standard value," and that "the values of the standard coins in circulation of the various nations of the world shall be estimated annually by the Director of the Mint, and be proclaimed on the first day of January by the Secretary of the Treasury." The following tables have been prepared and are published in compliance with the above stated provisions of law:

TABLE 4.-Values, in United States money of account, of the pure gold or silver representing the monetary units, respectively, of foreign countries.

NOTE.-Where silver is the legal standard and represents the unit of account, its value is reduced to the basis of gold, on the assumption that the ratio of 15%1⁄2 to 1 represents the relative values of silver and gold.

TABLE 5.—Weight, fineness and value of foreign coins, as determined by United States mint assays.

EXPLANATORY REMARKS.

1. The weight is expressed in fractions of an ounce troy, agreeing with the terms used in the United States mints.

If it is desired to have the weight of any piece in grains, regard the thousandths of an ounce as integers, take their half, from which deduct 4 per cent of that half, and the remainder will be grains.

2. The fineness is expressed in thousandths parts, i.e., so many parts of pure gold or silver in 1,000 parts of the coin. The old carat system is generally abandoned (except for jewelry), but it may be worth while to say that 41% thousandths equal one carat.

3. The valuation of gold is a direct calculation from weight and

fineness, at the legal rate of 25.8 grains, 900 fine, being equal to $1; or $20.672 (nearly) per ounce of fine gold.

Foreign coins, if converted into United States coins, will be subject to a charge of one-fifth of one per cent.

4. For the silver there is no fixed legal valuation as compared with gold. The value of the silver coins is computed at the rate of 120 cents per ounce, 900 fine, payable in subsidiary silver coin, that having been the mint price when the assays were made.

The gold value of silver is to be found in the bullion markets; at present it is about 113 cents per ounce, 900 fine.

5. These tables generally give the one principal coin of each country, from which the other sizes are easily deduced. Thus, when the franc system is used, there are generally gold pieces of 40, 10, 20, and 5 francs, all in due proportion. But in silver the fractional coins are very often of less intrinsic value than the normal coin, proportionately. These are seldom exported.

* The doubloon (doblon, or more properly onza, though not really an ounce Spanish) is now generally discontinued. These figures answer as well for the doubloon of Peru, Chili, Bolivia, etc., and therefore this item stands for all. Popayan pieces were rather inferior.

+ The sovereigns coined at Melbourne and Sydney, in Australia, and distinguished only by the mint marks M and S, are the same as those of the London mint. Sovereigns generally are up to the legal fineness, 916% (or 22 carats).