443
"the practice of fraud, while the milled edge has always provided for detecting the best counterfeit coins.
The letters of an inscription for a coin can only be punched singly and by hand; it cannot therefore be guaranteed that the letters upon one collar or die shall be in exactly the same position as the letters upon other collar or die.
I consider that a Dollar with a lettered edge might be more easily imitated than one with a milled edge. After a portion of silver had been taken from the interior of the coin and the space filled with base metal, a thin band of silver upon which the legend had been previously imitated might be placed round the edge and so neatly soldered as to escape detection except by a careful and thoroughly practised observer. On the other hand, the slightest irregularity in the lines of the milled edge is sufficient to demonstrate that fraud has been committed.
I am therefore decidedly in favour of, and recommend a milled edge in preference to a lettered edge for the Hongkong Dollar.
The cost of the alterations made by Messrs Watt & Co. in one of the presses is £120, and they are willing to alter the other three presses for a further sum of £120.
Although, if a milled edge is decided upon, the sum of £120 will be sacrificed, I nevertheless consider the experiment a valuable one, inasmuch as it has demonstrated that in order to place a legend upon the edge of the Dollar, it will be necessary to add such a complicated piece of mechanism to the presses as it will be...
W
443
"
the practice of frand, while the
milled edge has always provided
for detecting
the best
counterfeit coins.
the
The letters of an inscription for
a
coin
can
edge of a upon the collar
otie
only
be prunched
singly and
by hand; it cannot therefore be
guaranteed that the letters upon
O+Le
elllar or
die
shall be in
exactly
the same position as the letters upon
other collar or die.
any
I consider that a
Dollar with.
causaly
Q
lettered edge might be more
imitated than one with a milled edge. After a portion of silver had been taken from the interior of the coin
the space filled with base
thin band of
and
metal, a
silver upon
which the legend had been previously
imitated might
might be place round
the
edge
and
so neatly soldered as
to
escape.
and
detection except by a careful
thoroughly practised observer. On the other hand, the slightest irregularity in the lines of the milled edge is
sufficient to demonstrate fraud has been committed.
therefore decidedly
at a
له
recommend a.
milled
in preference to a lettered edge for
the Honghong Dollar.
The cost of the alterations made
by Messrs Watt & bo in one
presses
to
the corning
of
£120
ana
they
are
willing
a
to alter the other three presses for
further
sum of
£120.
Although, if a milled edge is
decided upon,
the sum
of
£120 will
be sacrificed, I nevertheless consider the experiment a valuable one, enasmuch as it has demonstrated that in order to place
ot
legend upon the edge of the Dollar, it will be nece
to add such a
necessary complicated piece of
mechanism to the presses
as it will be
ti
at
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