![]() Latinum was found naturally in the form of crystals which can be mined. Single bar of gold pressed latinum in 2370 Sources and provenance The gold casing carried a maker's mark the lack of such a mark normally indicated that the bar was stolen, or was counterfeit. ( TNG novel: Balance of Power)Ī latinum slip measures 2½ x ¼ x 1 inches, a strip measures 3½ x ½ x 2½ inches, a bar measures 5 × ½ × 2½ inches and a brick measures 8 x 1 x 4 inches. Latinum denominations also included dekabars, hectobars and kilobars. ( CCG set: Rules of Acquisition, card: "Gold-Pressed Latinum") The exchange rate for bricks is unknown, but Quark implies that bricks are worth considerably more than bars. One bar of gold-pressed latinum is equal to twenty strips or 2,000 slips of latinum. 5 Applicable only for taxable years beginning before January 1, 1964.Ħ Not applicable for taxable years beginning after December 31, 1960.Denominations of gold-pressed latinum, in order of increasing value, include the slip, the strip, the bar and the brick. (4) For purposes of this section, the term all other minerals does not include (i) soil, sod, dirt, turf, water, or mosses or (ii) minerals from sea water, the air, or similar inexhaustible sources. However, the term all other minerals is not limited in meaning to the minerals listed in section 613(b), but includes all other minerals (except those to which a specific percentage rate applies under subparagraphs (1), (2), (3), (4), and (5) of section 613(b)): For example, gypsum, novaculite, natural mineral pigments, quartz sand and quartz pebbles, graphite and kyanite (if section 613(b)(2)(B) does not apply), and anorthosite to the extent that alumina and aluminum compounds are not extracted therefrom. The 15-percent rate applies to such all other minerals when used or sold for use by the mine owner or operator for purposes other than as rip rap, ballast, road material, rubble, concrete aggregates, or for similar purposes. When any such minerals are used or sold for use by the mine owner or operator as rip rap, ballast, road material, rubble, concrete aggregates, or for similar purposes, the 5-percent rate applies except that, when sold for such use by the mine owner or operator on a bid in direct competition with a bona fide bid to sell a mineral listed in section 613(b)(3), the 15-percent rate applies. For example, limestone sold on a bid in direct competition with a bona fide bid to sell rock asphalt for road building purposes may be entitled to a 15-percent rate. (1) For purposes of this section, the minerals indicated below shall have the following meanings: In every case the taxpayer must establish to the satisfaction of the district director that there was a bona fide bid to sell a mineral listed under section 613(b)(3) by a person other than the taxpayer, and that the mineral sold by the taxpayer was sold on a bid in direct competition with such bona fide bid to sell such other material. ![]() (i) Clay, brick and tile - Clay used or sold for use in the manufacture of common brick, drain and roofing tile, sewer pipe, flower pots, and kindred products (other than clay specifically identified as a clay for which a 15 percent rate of percentage allowance is provided). (ii) Clay, refractory and fire - Clay which has a pyrometric cone equivalent of 19 or higher. ![]() (iii) Pumice - All pumice including pumicite. (iv) Scoria - Only scoria produced from natural deposits. (2) For purposes of this section, the term United States means the States and the District of Columbia. (3) For purposes of this section, the term dimension stone means blocks and slabs of natural stone, subsequently cut to definite shapes and sizes and used or sold for such uses as building stone (excluding rubble), monumental stone, paving blocks, curbing and flagging.
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