There is no Uruguayan gold coin in circulation, but the theoretical monetary unit is the gold peso national, weighing 1.697 grammes, .917 fine.
The proportion of rejected gold coin varies with the quality of the bullion, and frequently exceeds to %.
Though the whole financial system rests on the maintenance of the gold standard, gold coin plays a much smaller part in daily business than in England, France or Germany.
The unit is the mark (I shilling)the tenth part of the imperial gold coin (Krone=crown), of which last 139& are struck from a pound of pure gold.
Formerly European coins of all kinds were in general circulation, now the only foreign coins current are the English sovereign, the French 20 franc piece and the Turkish mejidie, a gold coin worth 18 shillings.
