clxxvi
UNITED STATES
COMMERCIAL RATIO OF SILVER TO GOLD EACH YEAR SINCE 1687
[From 1657 to 1832 the ratios are taken from Dr. A. Soetbeer ; from 1833 to 1878 from Pi.vley and A bell's tables ; and from 1879 to 1S96 from daih' cablegrams from London to the Bureau of the Mint.]
Years
Ratio
Years
Ratio
Years
Ratio
Years
Ratio
Years
Ratio
Years
Ratio
1687
14.94
1723
15.20
1758
14.85
1793
15.00
1828
15.78
1863
15.87
1688
14.94
1724
15.11
1759
14.15
1794
15.37
1829
15.78
1864
15.37
16S9
15.02
1725
15.11
1760
14.14
1795
15.55
1S30
15.82
1865
15.44
1690
15.02
1726
15.15
1761
UM
1796
15.65
1831
15.72
1866
15.43
1691
14.98
1727
15.24
1762
15.27
1797
15.41
18:32
15.73
1867
15.57
1692
14.92
1728
15.11
1763
14.99
1798
15.59
1833
15.93
1868
15.59
1693
14.^3
1729
14.92
1764
14.70
1799
15.74
1834
15.73
1869
15.60
1694
14.f57
1730
14.81
1765
14.83
1800
15.68
1835
15.80
1870
15.57
1695
15.02
1731
14.94
1766
14.80
1801
15.46
1836
15.72
1871
15.57
1696
15.00
1732
15.09
1767
14.85
1802
15.26
1837
15.83
1872
15.63
1697
15.20
1733
15.18
1768
14.80
1803
15.41
1838
15.85
1873
15.92
1698
15.07
1734
15.39
1769
14.72
1804
15.41
1839
15.62
1874
16.17
1699
14.94
1735
15.41
1770
14.62
1805
15.79
1840
15.62
1875
16.59
1700
14.S1
1736
15.18
1771
14.66
1806
15.52
1841
15.70
1876
17.88
1701
15.07
1737
15.02
1772
14.52
1807
15.43
1842
15.87
1877
17.22
1702
15.52
1738
14.91
1773
14.62
1808
16.08
1S43
15.93
1878
17.94
1703
15.17
1739
14.91
1774
14.62
1809
15.96
1S44
15.85
1879
18.40
1704
15.22
1740
14.94
1775
14.72
1810
15.77
1845
15.92
1880
18.05
1705
15.11
1741
14.92
1776
14.55
1811
15.53
1846
15.90
1881
18.16
1706
15.27
1742
14.85
1777
14.54
1812
16.11
1847
15.80
1882
18.19
1707
15.44
1743
14.85
1778
14.68
1813
16.25
1848
15.85
1883
18.64
1708
15.41
1744
14.87
1779
14.80
1814
15.04
1849
15.78
1884
18.57
1709
15.31
1745
14.98
1780
14.72
1815
15.26
1850
15.70
1885
19.41
1710
15.22
1746
15.13
1781
14.78
1816
15.28
1851
15.46
18b6
20.78
1711
15.29
1747
15.26
1782
14.42
1817
15.11
1852
15.59
1887
21.13
1712
15.31
1748
15.11
1783
14.48
1818
15.35
1853
15.33
1888
21.99
1713
15.24
1749
14.80
1784
14.70
1819
15.33
1854
15.33
1889
22.10
1714
15.13
1750
14.55
1785
14.92
1820
15.02
1855
15.38
1890
19.76
1715
15.11
1751
14.39
1786
14.96
1821
15.95
1856
15.38
1891
20.92
1716
15.09
1752
14.54
1787
14.92
1822
15.80
1857
15.27
1892
23.72
1717
15.13
1753
14.54
1788
14.65
1823
15.84
1858
15.38
1893
26.49
1718
15.11
1754
14.48
1789
14.75
1824
15.82
1859
15.19
1894
32.56
1719
15.09
1755
14.68
1790
15.04
1825
15.70
1860
15.29
1895
31.60
1720
15.04
1756
14.94
1791
15.05
1826
15.76
1861
15.50
1896
30.66
1721
15.05
1757
14.87
1792
15.17
1827
15.74
1862
15.35
1897
34.28
1722
15.17
1898 1
35.40
1 Nine months.
AVERAGE PRICE OF AN OUNCE OF GOLD IN LONDON AND EQUIVALENT VALUE IN UNITED STATES, VARIOUS YEARS, 1870 TO 1898
Calendar Years
Average London Price
Equivalent Value in United States
Gold Coin of
an Ounce of Gold,
British Standard
(.9161)
Value in
United States
Gold Coin
of an Ounce
1000 Fine
Per Cent Premium above Bank of Enj,'land's Minimum Rate
1870 1880 1890 1894 1895 1896 1897 1898 (9 months) .
Mint price Bank price .
£ s. d. 8 17 9.01 8 17 9.15 8 17 9.44 8 17 9.33 3 17 9.03 8 17 10.16 8 17 11.23 8 17 10.39
$18.9187 18.9215 18.9274 18.9256 18.9191 18.9420 18.9637 18.9467
$20,638 20.641 20. (US 20.646 20.639 20.664 20.688 20.669
0.00106 .01607 .04715 .03747 .00324 .12433 .23901 .14909
3 17 10.50 3 17 9.00
18.9491 18.9185
20.671 20.638
.16208
