[Sidenote: STATEMENT OF THE RATIO, 1660-1893]
+---------+------------+--------++---------+------------+--------+ | | Price of | || | Price of | | | Year. |Silver Pence| Ratio. || Year. |Silver Pence| Ratio. | | | per Oz. | || | per Oz. | | +---------+------------+--------++---------+------------+--------+ | 1833 | 59-3/16 | 15.93 || 1864 | 61-3/8 | 15.37 | | 1834 | 59-15/16 | 15.73 || 1865 | 61-1/16 | 15.44 | | 1835 | 59-11/16 | 15.80 || 1866 | 61-1/8 | 15.43 | | 1836 | 60 | 15.72 || 1867 | 60-9/16 | 15.57 | | 1837 | 59-9/16 | 15.83 || 1868 | 60-1/2 | 15.59 | | 1838 | 59-1/2 | 15.85 || 1869 | 60-7/16 | 15.60 | | 1839-40 | 60-3/8 | 15.62 || 1870 | 60-9/16 | 15.57 | | 1841 | 60-1/16 | 15.70 || 1871 | 60-8/16 | 15.57 | | 1842 | 59-7/16 | 15.87 || 1872 | 60-1/4 | 15.65 | | 1843 | 59-3/16 | 15.93 || 1873 | 59-1/4 | 15.92 | | 1844 | 59-1/2 | 15.85 || 1874 | 58-5/16 | 16.17 | | 1845 | 59-1/4 | 15.92 || 1875 | 56-3/4 | 16.62 | | 1846 | 59-5/16 | 15.90 || 1876 | 53-1/16 | 17.77 | | 1847 | 59-11/16 | 15.80 || 1877 | 54-3/4 | 17.22 | | 1848 | 59-1/2 | 15.85 || 1878 | 52-5/8 | 17.92 | | 1849 | 59-3/4 | 15.78 || 1879 | 51-1/4 | 18.39 | | 1850 | 60-1/16 | 15.70 || 1880 | 52-1/4 | 18.04 | | 1851 | 61 | 15.46 || 1881 | 51-11/16 | 18.24 | | 1852 | 60-1/2 | 15.59 || 1882 | 51-5/8 | 18.25 | | 1853 | 61-1/2 | 15.33 || 1883 | 50-9/16 | 18.65 | | 1854 | 61-1/2 | 15.33 || 1884 | 50-5/8 | 18.63 | | 1855 | 61-5/16 | 15.38 || 1885 | 48-5/8 | 19.39 | | 1856 | 61-5/16 | 15.38 || 1886 | 45-3/8 | 20.73 | | 1857 | 61-3/4 | 15.27 || 1887 | 44-5/8 | 21.13 | | 1858 | 61-5/16 | 15.38 || 1888 | 42-7/8 | 21.99 | | 1859 | 62-1/16 | 15.19 || 1889 | 42-11/16 | 22.09 | | 1860 | 61-11/16 | 15.29 || 1890 | 47-11/16 | 19.17 | | 1861 | 60-13/16 | 15.26 || 1891 | 45-1/16 | 20.92 | | 1862 | 61-7/16 | 15.35 || 1892 | 39-3/4 | 23.74 | | 1863 | 61-3/8 | 15.37 || 1893 | 35-9/16 | 26.49 | +---------+------------+--------++---------+------------+--------+ | | | Up to 1878 this table is derived from Soetbeer, | | _Edelmetall-Produktion_, pp. 130-2. | | From 1878-1890 I have calculated simply in accordance with | | Soetbeer's method. | | | | The figures for 1891-3 are taken from the United States Mint | | Report, 1893, already referred to, p. 251. In the table there | | printed the director of the Mint gives slightly different | | figures for several years from 1872 onwards. | +----------------------------------------------------------------+