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  • When holders of paper cannot demand coin to be converted into bullion, and when there is none left in circulation, bullion rises and falls in price like other things; and if it is above the Mint price, if an ounce of gold, which would be coined into the equivalent of 3l. 17s. 101/2d., is sold for 4l. or 5l. in paper, the value of the currency has sunk just that much below what the value of a metal
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