July, 1898 saw a significant drop in the value of silver, and Ione deflated once again.
Brass has one fifth the value of silver.
Most have been sold, melted down, and resold for the value of their gold and silver.
In todays money, the value of the gold, silver and jewels is about £10,000,000.
Some variances in coin size and weight occurred over time, especially as the value of silver varied.
At this time the value of silver declined and the population of the town decreased to approximately 300.
The whole value of the gold and silver, therefore, which circulated in Scotland before the union, cannot be estimated at less than a million sterling.
It is the real value of silver which varies with them.
It would only raise somewhat the real value of silver.
The value of silver in comparison to gold drastically changed.
