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UNITED STATES TREASURY REGULATIONS AS TO MONEYS RECEIVABLE FOR DUTIES.

ART. 1001. Gold coins of the United States* are receivable for duties at their nominal value, in unlimited sums, provided the loss of weight by abrasion or ordinary wear does not exceed one-half of one per centum in twenty years, or in that proportion for a shorter period of circulation; but coins of less than the least current weight shall be received at their valuation, in proportion to their actual weight. (Act Feb. 12, 1873, ch. 131, § 14. 17 Stat.. p. 426.)

Silver dollars of the United States, other than the trade-dollar, are receivable for duties, at their nominal value, in unlimited sums. (Act February 28, 1878, ch. 20, § 1, 20 stat. p. 25, S. S. 3498.)

Silver half-dollars, quarter-dollars, dimes, and half-dimes, coined previous to April, 1853, are receivable for duties, at their nominal value, in unlimited sums. (Act Jan. 18, 1837, ch. 3, § 9. H. D., p. 733.)

Silver trade-dollars, also silver half-dollars, quarter-dollars, dimes, and halfdimes, coined since April 1, 1853, are receivable for duties in amounts not exceeding five dollars in one payment. (Acts Feb. 21, 1853, ch. 79, §§ 1, 2 (H. D., p. 742), and Feb. 12, 1873, ch. 131, § 15. 17 Stat., p. 427.)

Five-cent pieces, coined between the years 1866 and† 1873, are receivable for duties in amounts not exceeding one dollar in one payment. (Act May 16, 1866, ch. 81, § 3. H. D., p. 754.)

Three-cent pieces, composed in part of silver and coined between the years 1851 and 1865, are receivable in sums not exceeding thirty cents in one payment, and three cent pieces, composed in part of nickel and coined between the years 1865 and† 1873, are receivable in amounts not exceeding sixty cents in one payment. (Acts March 3, 1851, ch. 20, § 11, and March 3, 1865, ch. 100, §3. H. D., pp. 739, 752.)

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Five-cent pieces, three cent pieces, and one-cent pieces, coined under the coinage act of eighteen hundred and seventy-three," are receivable in amounts not exceeding twenty-five cents in one payment. (Act Feb. 12, 1873, ch. 131, § 16. 17 Stat., p. 427.)

Two-cent pieces and one-cent pieces, coined previous to† 1873, are receivable in sums not exceeding four cents in one payment. (Act March 3, 1865, ch. 100, § 6. H. D., p. 753.)

United States demand notes are receivable for duties at their nominal value, in unlimited amounts.

Coin certificates, being certificates of the deposit of gold coin with the Treasurer or Assistant Treasurers of the United States, are receivable for duties at their nominal value to the amount of the duties to be paid.

ART. 1002. United States legal-tender notes and the circulating notes of national banks are receivable, at their nominal values, for all payments other than duties on imports; and the fractional-currency notes of the United States are receivable for all payments, other than customs, when offered in sums not exceeding five dollars.

ART. 1003. Payments in gold coin should be weighed by single pieces; but if in bulk, the coins must be separately examined and tested as far as neces

Excepting those minted before July 31, 1834, which rate at 94 cents per pwt. (Act June 28, 1834, ch. 95, 23. H. D., p. 730.) April 1, 1873.

Or gold bullion. (Act of March 3, 1863, ch. 73, 25. H. D., p. 793.)

Defaced and Mutilated Currency.-Defaced and mutilated fractional and legal-tender notes, each equalling or exceeding by face measurement three-fifths of its original proportions in one piece, are, under previous regulations of the Department, if in a condition that the genuineness can be clearly ascertained, received at their full face value in payment of all currency dues to the United States. Smaller fragments cannot be received for such dues, but are, on conditions published, redeemable at the Treasury. Every officer of the Treasury Department is required to stamp the word "COUNTERFEIT " upon every spurious note presented to him, purporting to have been issued by the United States, or by a National Bank. (Act June 30, 1864, ch. 172, § 5. H. D., p. 816.)

sary; one-dollar pieces must be separated from larger coins and weighed apart, and the weighing in bulk must be done by amounts of ten dollars, one hundred dollars, one thousand dollars, or multiples thereof.

In weighing coins the ounce troy, and the decimals thereof, are to be used. The standard weight and the least current weight of certain specified sums, in gold coins above the dollar, are as follows:

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The gold dollar continuing current until the allowed deviation from standard weight in manufacture is exceeded by wear and abrasion, 5000 pieces will be current when weighing not less than 266 ounces troy.

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The standard weight and the least current weight of single gold coins of the United States, above the dollar, are as follows:

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As the coinage law tolerates a deviation from the standard weight of onequarter of a grain, or less, in the manufacture of the dollar piece, that coin will be current and receivable so long as it is not reduced below 25,55 grains in actual weight.

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RECIPIENTS OF CUSTOMS DUES.

ART. 1004. At custom-houses where there are regularly designated cashiers, such cashiers shall be the sole recipients of customs moneys; at all other custom-houses or stations, either the collectors personally, or an officer specially designated for each custom-house or station, or inspectors of baggage, when so authorized, shall be the recipients of such moneys.

ART. 1005. Receipts may be demanded, and, when demanded, must be given as a matter of right for any payments of money on account of customs or other dues to the United States; but, for the due protection of the revenue, the collector should require an additional entry of the goods, or an additional copy of the document, to be presented, on which the receipt should be entered.

AND

THEIR VALUES IN UNITED STATES MONEY. PROCLAIMED BY THE SECRETARY OF THE TREASURY.

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The Argentine or South American Doubloon is to be estimated at $15.58 until further orders. (S. S., 2574.) + Values marked with a † were proclaimed prior to 1879. Silver prior to 1880.

a 1000 Reis.

Gold prior to 1880.

Prior to 1880, 10 Gulden, gold, estimated at $4.01,9. b Former dollar of 20 piastres was estimated at $1.00,39. c 100 piastres. 1 S.S.,5525.

e 16 Annas. 100 Copecks.

g 100 Centimes. h 16 Caroubs. i S. S., 4864. k S. S., 2401.

WEIGHT, FINENESS, AND VALUE OF FOREIGN COINS,

As determined by U. S. Mint Assays, and proclaimed Jan.1, 1874, by the Secretary of the Treasury.

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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 four per cent. of that half, and the remainder will be grains. 2. The fineness is expressed in thousandth parts, i. e., so many parts of pure gold or silver in 1000 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 one dollar; 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, 20, 10, and 5 franes, all in due proportion. But in silver the fractional coins are very often of less intrinsio value than the normal coin, proportionally. These are seldom exported.

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* 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, &c., 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).

The last coinage of mohurs was in 1862.

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