This section is from the book "Banking, Credits And Finance", by Thomas Herbert Russell. Also available from Amazon: Banking, credit and finance (Standard business).
Replacing of the silver standard in Germany by the gold standard. Coinage in 1873 of gold pieces of 5, 10 and 20 marks pieces, the latter weighing 7.168 grams fine. Silver, 60 1/2d.
Establishment of the double standard in Japan with the ratio of 1 to 16.17 by the coinage of the gold yen of 1.667 grams and of the silver yen of 26.956 grams, both with a fineness of .900.
Increase of the intrinsic value of the subsidiary coins of the United States. Replacing of the double standard by the gold standard. Reduction of the cost of coinage of gold to one-fifth per cent, the total abolition of which charge was decreed in 1875. Creation of a trade dollar of 420 grains, with a fineness of .900. Silver, 59 1/4d.
Suspension of the coinage of 5-franc pieces in Belgium.
Limitation of the coinage of 5-francs on individual account in France.
Suspension of the coinage of silver in Holland.
Formation of the Scandinavian Monetary Union. Replacing of the silver standard in Denmark, Sweden and Norway by that of gold on the basis of the krone. Coinage of pieces of 10 and 20 kroner, the latter weighing 8.961 grams, with a fineness of .900.
Introduction of the system of contingents for the coinage of 5-franc silver pieces in the Latin Union. Silver, 58 5-16d.
Suspension of the coinage of silver on individual account in Italy. Silver, 56 7/8d.
Suspension of the coinage of silver on account of the Dutch colonies.
Introduction of the double standard in Holland on the basis of the ratio of 1 to 15.62 by the creation of a gold piece of 10 florins, weighing 5.048 grams fine, with the maintenance of the suspension of the coinage of silver.
Great fluctuations in the price of silver, which declined to 46 3/4d., representing the ratio of 1 to 20.172, in July. Recovery in December to 58 1/2d. Average price, 52 3/4d.
Coinage of 5-franc silver pieces by Spain continued later, notwithstanding the decline of silver in the market. Silver, 54 3/4d.
Replacing of the double standard in Finland by that of gold on the basis of the mark or franc.
Act of United States Congress providing for the purchase, from time to time, of silver bullion, at the market price thereof, of not less than $2,000,000 worth per month as a minimum, nor more than $4,000,000 worth per month as a maximum, and its coinage as fast as purchased into silver dollars of 412 1/2 grains. The coinage of silver on private account prohibited. Silver, 52 9-16d.
Meeting of the first international monetary conference in Paris. Prolongation of the Latin Union to January 1, 1886.
Suspension of the sales of silver by Germany. Silver, 51 1/4d.
Second international monetary conference in Paris. Silver, 51 ll-16d.
 
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