Volume 01: Production and resources of the northern and western districts of New South Wales, 1854 [ca. 1850-1857] - Page 531
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Transcription
314
NEW SOUTH WALES
STANDARD GOLD COIN OF GREAT BRITAIN.
The Standard gold coin of Great Britain is made of 27 [22?] parts pure gold and two parts copper. From a pound Troy of standard gold are coined 46.725 sovereigns, so that the weight of each is 5 dwts. 3.274 grs.
This gives a mint price for the ounce of standard gold of £3.17.10½ d. nearly. Other authorities state that the market price of Standard gold has been, since 1840, £3.17.9 d. without variation. But the Australian gold has, some of it, realised more than £4. on account of its unexampled purity.
FIRST DELIVERY OF SOVEREIGNS FROM THE SYDNEY MINT
June 22nd 1855 The first delivery of gold coined at the Sydney Mint took place this day. Sixteen thousand sovereigns were delivered at the Mint to the Colonial Treasurer who transferred the same to a representative of the Bank of Australasia which institution had applied for the whole. The coin, as the machines get into perfect working order, will be a handsome one. The one side has a fac-simile of the imperial Sovereign's portraiture of her Majesty, with the words "Victoria D.G. Britanniar Regina F.D". The reverse side has the word "Australia" in the centre, encircled by the national wreath, with the Crown above. Over the Crown are the words "Sydney Mint" beneath the words "One Sovereign"
THE MINT SEP 29th 1855 -
The amount of gold dust imported into the Sydney Branch of the Royal Mint for coinage purposes during the week, has been 1793 ounces, the amount of sovereigns issued yesterday was 9000.
THE MINT JANUARY 1856
The amount of gold received at the Mint during the past week has been 9765 ounces. The coin issued has been 70,000 sovereigns.The total issue, for the month has been £224,000 being at the rate of two and three quarter millions of sovereigns per annum.
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