GOLD.
\ɡˈə͡ʊld], \ɡˈəʊld], \ɡ_ˈəʊ_l_d]\
Sort: Oldest first
-
The first law affecting the coinage of gold into lawful money was enacted April 2, 1792. By this law any person could have gold bullion converted into coin eleven parts pure to one part alloy. Its ratio to silver was fifteen to one, and gold coins were legal tender to any amount. In March, 1795, a charge of four cents per ounce was made for coining gold bullion below the standard. Under the law of April 21, 1800, a sum was retained for coining gold below the standard. January 18, 1837, the standard gold coin was made nine-tenths pure and one-tenth alloy. February 21, 1853, it was enacted that gold coins were to be exchanged for silver coins at par in sums not exceeding $100, and a charge of one-half per cent was made for refining. February 12, 1873, it was enacted that one-fifth of one per cent was to be charged for coining standard gold. By the law of January 14, 1875, no charge was to be made for converting standard gold bullion into coin. For the history of the individual coins, see Double Eagle, Eagle, Half Eagle, Three-Dollar Piece, Quarter Eagle and Dollar.
By John Franklin Jameson
Word of the day
Proto Oncogene Proteins c erbB 2
- cell surface protein-tyrosine kinase that is found to be overexpressed in significant number adenocarcinomas. It has extensive homology can heterodimerize EGF EPIDERMAL GROWTH FACTOR), 3 receptor (RECEPTOR, 3) and the 4 receptor. Activation of erbB-2 receptor occurs during heterodimer formation with a ligand-bound erbB family members. EC 2.7.11.-.