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kingdom_n crown_n king_n see_v 2,617 5 3.6659 3 true
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ID Title Author Corrected Date of Publication (TCP Date of Publication) STC Words Pages
A40748 A Further explication of the proposal relating to the coyne 1700 (1700) Wing F2557; ESTC R23350 8,611 16

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Forteign Places to more than Forreigners do estimat it doth cry down as much of our Goods as we sell for that Symbol For as a Bank Bill is to the Trade of Amsterdam so Money is to the Trade of every other Place where Money is the Symbol of Trade 2do It demonstrates that the giving down of the Ordinar Price of our Goods will encourage the Hollander to bring his Bill of 91 pound 6 shil 8 d as well as he will be by our declaring his 91 pound 6 shil 8 d to be in Scotland estimat at a 100 pound only to cry up Amsterdam Bills is so much better than crying up of Money Coined Because it cryes up only a Symbol for Commerce used by all People and doth not oblige us to sell all our Goods to all and sundry Forreigners in Europe at an Uunder value But the crying up of Money obliges us to sell all our Goods to all and sundrie at an undervalue of 8⅔ less than they value their Symbols which they bring to Trade with The Roman AS was originally Coyned of a Pound weight in the first Punick War a pound was brought to weigh but two Ounces Fabius Maximus brought it to an Ounce and Papirius to half an Ounce And as in weight So the Romans did abase their Money by Increase of its Allay wherein Livius Drusus did exceed and great Confusion was produced in the Roman Common-Wealth until Gratidianus when he was Triumvir for Coinage did bring it back to its true Standard who in that was the Burleigh of Rome or Burleigh the Gratidianus of England to both their Immortal Fames But in the times after Augustus the Empire ran both into Confusion and Deminution and it is certain that Money is a true Pulse of the State of Government But Charles the Great in the Resurrection of the Western Empire brought the Empire and Money out of their Confusion into a more solid Consistence For he renewed the Accompt by Pounds or Livers dividing the Pound into 20 parts in France called Solz viz the English pence and the Solz into 12 Denniers an Scots Pence so that twenty Solz contained a pound weight of Silver But the French have always since been variable in their Coins and certain it is that they have raised the Value of their Gold above six times what it was in St. Lewis time and the Money above seven times which hath occasioned many confusions and frequent Rebellions in France In England they have been more waric and constant in the matter of their Money seldom raising it or debaseing their Standart But when forced thereto by an Universal raising of Money in the Neighbouring States In the year 1344 their Sterling Standard of Gold was 23 Carrats 3 Grains and an half Grain and a pound of such Gold was valued at 13 lib. 3 sh 4 d. The Silver Standart was eleven Ounce and 2 pence fine and a pound of Silver Standart was valued at 22 sh 2 d. sterling This was in the time of Edward the Third Anno 1618 but in his Anno 23. Gold was raised to 14 lib And silver to 22 sh 6 d. Anno 25. ditto Gold Hen. 4th Gold raised to 16 lib. 13 sh 4 d. And Silver to 30 sh per pound Anno 49. Henry 6th Gold was raised to 22 lib. 10 sh and Silver to 37 sh 6 d King Henry the 8th by Advice of Cardinal Wolsey did much debase the Coyn and confound the Nation And which was never redressed till Anno 14 Elizabeth that Gold was fixed at 36 lib. the pound and Silver to 3 lib the pound But Anno 24. she abased the Standart of Gold ¼ of a Grain And the Standart of Silver one penny which raised the value of Gold 22 d. per lib. And the price of Silver 3 sh per lib. In the 2 d year of King James the fineness of Gold was reduced to 22 Carrats And the value of it raised to 37 lib. 4 sh per lib. which both together was almost an eleventh part more than the Gold was at Anno 14. Elizabeth but afterwards by Proclamation King James ordained every 20 sh Piece of Gold to pass for 22 sh which yet raised the Gold a tenth part more And the Silver was then raised to 3 lib. 2 sh per pound Whereby it appears that Gold Coyne in Edward the thirds time contained in true value above thrice as much as it did in King James Time and Silver Coyne near thrice as much I have seen a Contract attested by Mr. Yelvertoun and presented by Mr. Secretary Calvert whereby it was appointed that in 12 Ounces of Gold which is a pound of 22 Carrat fine there should be 41 Unites Coyned every Unite being of value 20 sh Sterling Nota The foresaid fineness both of Gold and Silver was to be out of the Fire Ittem the remedy of the fineness of Gold as to fineness was 2 Grains in the Standart And the remedy in weight for 20 sh Pieces and 10 sh Pieces was 2 Grains also And in lesser Peices one Grain providing that all the Remedies in a pound weight of Gold did not exceed in all 50 Grains And the Remedy of the weight in Silver Coyne was two Grains on the Crown half Crown and 12 shilling As to Scots Coyne I have not yet seen any Authentick Record before King James the 6th Reign Anno 1604 By Contract 'twixt the King and J Atchison Master of the Mint The Weights are mentioned conform to what was adjusted betwixt the two Kingdoms And which are also mentioned expresly in the foresaid Contract reported by Mr. Secretary Calvert viz the English Weight is declared to be 12 Ounces Troy to a pound weight and every Ounce to be 20 penny weight and the Scots pound is 12 Ounces also for the pund and 12 Denniers to each Ounce But the 12 Ounces or pund Scots weighs less then the English pund be 4 pennies 9 Grains English or be 5 Denniers 9 Grains and 18 primes of Scots Weight And so two Pyles were made one for each Kingdom of equal weight adding the said 5 Denniers 9 Grains 18 Primes to the Scots Pyle for making it equal to the English And according to this Adjusted weight was the rule of Coyning of Money in both Kingdoms as to Weight the Fynenest still the same also So before that time the Scots Weight appears to have been 12 Den to an Ounce 12 Ounce to a pound But it likewise appears that the Scots pound did weigh less then the English be 5 Denniers 9 Graines and 18 Primes And albeit Scotland does keep their old Denominations yet this pound and all its Fractions do weight a little more then the old Scots pound and its Fractions did And I wish we had the same Denomination also for 20 pnnies to the Ounce and 24 Grains to each penny is a far better Fraction and easier in Accompts then the Denniers and Primes which are unequal Fractions and doth Imbarass Accompts However Craig tells us