Essays On Indian Antiquities Historic Numismatic And Palaeographic Of The Late James Prinsep Vol 1 Of 2 Classic Reprint

Author : James Prinsep
Publisher : Rarebooksclub.com
ISBN 13 : 9781230139548
Total Pages : 206 pages
Book Rating : 4.1/5 (395 download)

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Download or read book Essays on Indian Antiquities, Historic, Numismatic, and Palæographic, of the Late James Prinsep; to Which Are Added His Useful Tables, Illustrative Of written by James Prinsep and published by Rarebooksclub.com. This book was released on 2013-09 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1858 edition. Excerpt: ... at 0 lj c. grs. Wo. yield 55.319 X 86.430-i-100 =. 47.812 new gold muhrs. These tables, and, indeed, all that arc inserted in the present paper, express the fractious of the rupee, or of the tola, in decimals. For converting this expression into the ordinary division of anas and pa'i's, and vice versd, the following table will be found very convenient, and of constant application in monetary calculations. Table for reducing Anas and Pais into decimal parts of a Rupee. 1 and = 0.0625. EXCHANGES. For the conversion of the rupee into the equivalent currency of other nations, it is necessary to take into consideration the fluctuating relative value of the precious metals inter se, from the circumstance of gold being in some, and silver in others, the legal medium of circulation. It is also necessary to take account of the mint charge for coining at each place, which adds a fictitious value to the local coin. The 'par of exchange' is, for these reasons, a somewhat ambiguous term, requiring to be distinguished under two more definite denominations. 1st, the 'intrinsic par, ' which represents that case in which the pure metal contained in the parallel denominations of coins is equal. 2nd, the 'commercial par, ' or that case in which the current value of the coin at each place (after deducting the seignorage leviable for coinage) is equal: or in other words, 'two sums of money of different countries are commercially at par, while they can purchase an equal quantity of the same kind of pure metal.'1 Thus, if silver be taken from India to England, it must be sold to a bullion merchant at the market price, the proprietor receiving payment in gold (or notes convertible into it). The London mint is closed against the importer of silver; which metal has...