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Orichalcum or aurichalcum / ˌ ɔːr ɪ ˈ k æ l k ə m / is a metal mentioned in several ancient writings, including the story of Atlantis in the Critias of Plato.Within the dialogue, Critias (460–403 BC) says that orichalcum had been considered second only to gold in value and had been found and mined in many parts of Atlantis in ancient times, but that by Critias's own time, orichalcum ...
The name is mostly applied informally to compositions between 20–80% gold and 80–20% silver, but these are strictly called gold or silver depending on the dominant element. Analysis of the composition of electrum in ancient Greek coinage dating from about 600 BC shows that the gold content was about 55.5% in the coinage issued by Phocaea .
The basic obverse design of the Seated Liberty coinage consisted of the figure of Liberty clad in a flowing dress and seated upon a rock. [3] In her left hand, she holds a Liberty pole surmounted by a Phrygian cap, [2] which had been a pre-eminent symbol of freedom during the movement of Neoclassicism (and traces its roots back to Ancient Greece and Rome).
The coin was also minted with an inner layer of 21% silver and 79% copper. The first silver-clad half dollars were struck at the Denver Mint on December 30, 1965, bearing the date 1965; the date would not be changed for all US coinage until the coin shortage was eased. [ 20 ]
Under contractual obligation, these coins were to be returned to the mint once the compatibility tests were complete. Of the approximately 250 coins minted, many were not returned to the mint, leading to significant debate surrounding the legality of owning these coins. High-grade examples of the 2000p 10-cent issue range from $1,500 to $3,000 CDN.
The tax exemption applies only to gold bars with a purity of at least 995 thousandths , and gold coins with a purity of at least 900 thousandths that were minted after 1800. Gold coins must also either be or have been legal tender and their market price must not exceed the gold value by more than 80 %.
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