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662
XI. BANKING, CREDIT, AND INSURANCE.
and the 20 and 10 kronor pieces for anyone who, subject to certain conditions,
takes gold to the Mint to be converted into coin.
In order to be accepted for coinage, the total bulk of gold must contain over
900 °/(io of gold, must not contain any other metal except copper, and must
not be so brittle as not to allow of its being rendered malleable by melting in
a crucible. If the value of the gold is up to half a million kronor, the Mint
is obliged to coin it as soon as practicable. If the value is lower, the Master
of the Mint may either accept it. for coinage, meet it in cash after deducting
the cost of coinage, or refuse to accept it. Gold to a value of less than 500
kronor is not accepted. Gold may also be taken to the Mint for the account
of the Riksbank, without obligation to state the purpose.
The charge made by the Mint for coining 20 kronor pieces is V* % of the total
value of the gold presented, and for coining 10 kronor pieces V3 % of the total
value of the gold presented; besides which there accrue certain fees for the
re-melting and malleableizing of the gold, when this may be necessary. For the
conversion of gold into 5-kronor pieces, the Riksbank pays 1/s % of the total
value of the gold.
Gold coins are legal tender to unlimited amounts. The token coins are
unlimited legal tender only to the Public Treasury. Otherwise no one
is obliged to accept in payment more than 20 kronor in 2 and 1 krona
pieces, more than 5 kronor in smaller silver coins, and more than 1 krona
in bronze token coins.
The 20 and 10 kronor pieces cease to be legal tender to the Public
Treasury when they have lost by ordinary wear and tear more than 2 % of
their gross weight. They cease to be legal tender to all others when
they have lost more than 0-5 % of their gross weight. The 5 kronor piece
ceases to be legal tender to the Public Treasury when it is so worn that it
can no longer be distinguished as a Swedish coin. The 5 kronor piece
ceases to be legal tender to all others, when it has lost more than 0-6 %
of its gross weight. If a gold coin has been injured, it is no longer legal
tender to anybody whatever.
The token coins cease to be legal tender to the Public Treasury, when
they are so worn that they can no longer be distinguished as Swedish
coins. They cease to be legal tender to all others when the stamp has
become indistinct. Coins which have been injured are no longer legal
tender; but, subject to the approval of the Master of the Mint in each
separate case, they may be taken by the Mint at their face value.
At all offices of the Riksbank anyone is entitled to have any amount
of token coins, provided the amount be divisible by 10, exchanged for
gold coins or Riksbank notes. Moreover any one is entitled to have any
amount of such worn coin as is legal tender to the Public Treasury,
exchanged for an equal amount of current coin. The Riksbank, in its turn,
is entitled to have that coin exchanged by the Mint for gold coin or
Riksbank notes.
As regards the dissemination of token coins, anyone is entitled, on
sending in equivalent value to the Mint, to have silver coin, within
certain limits as to amount, forwarded post-free to any post office, or first-
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