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An Account of all ye Gold & Silver coyned in his Maties Mint wthin ye Tower of London from ye first of October 1599 being ye one & fortith year of Q. Elizabeth to this present November 1675, being seventy six years divided into four parts, shewing how ye coyn of this kingdom did encrease in ye three first parts proporti{illeg}|o|nable to ye encrease of trade & Navigation; & how much it hath decreased in ye fourth part, being since {illeg}|t|his present East India Company was erected in ye year 1657.

Gold & Silver coyned. Totals by Tale Yearly Medium
From ye 1st of Octob. 1599 to ye last of
March 1619 was coyned four Millions seven
hundred seventy nine {po}|th|ousand three hundred
& fourteen pounds thirteen shillings & four
pence, wch was per annum Two hundred
forty five thousand ninety t{wo}|hr|ee pounds
eleven shillings & six|ev|en pence
} 4779314l. 13s. 4d 245093l. 0s. 7d
From ye last of March 1619 to ye last
of March 1638 was coyned six Millions nine
hundred thousand forty two pounds eleven
shillings & one peny, wch was per annum
Thre hundred sixty three pounds thousand
one hundred & sixty pounds two shillings
& eigh{illeg}|t| peny|c|e farthing.
} 690042. 11. 114 363160. 2. 814
From the last of March 1638 to
May 1657, till the beginning of ye Company
was coyned seven Millions seven hundred
thirty three thousand five hundred seventy
twenty one pounds thirteen shillings four
pence farthing, wch was per annum
Four hundred & seven thousand & twenty
seven pounds nine shillings one peny
half peny
} 7733521. 13. 414 407027. 9. 112
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From May 1657 to Nov. 1675 being eighteen
years {illeg}|&| half of ye Company was coyned
Three millions two hundred thirty eight
thousand nine hundred ninety seaven
pounds sixteen shillings three farthings, about
one million: of wch was Harp & Cross money
& broad Gold &c recoyned, wch deducted there
remains but two millions, two hundred &
thirty eight thousand {p} nine hundred ninety
seaven pounds sixteen shillings & three
farthings; wch was per annum but one
hundred twenty one thousand twenty five
pounds sixteen shillings & three farthings
} 2238997. 16. 034 121025. 16. 034
Total of all Gold & Silver coyned
in these seventy six years from ye {illeg}|f|irst
of Octob. 1599 to {illeg}|N|ovemb. 1675, Twenty
one millions six hundred fifty one thousand
eight hundred seventy & six pounds thirteen
shillings & four\tenn/ pence farthing
} 21651876. 13. 1014
Total of all Gold & Silver coined in these Yearly encrease. Total encrease.
The coin yearly encreased in the
second part from ye last of March 1619
to ye last of March 1638 more then
in the first part One hundred & eighteen
thousand sixty {illeg}|&| seven pounds two shillings
one peny farthing. The Total thereof
is Two Millions two hundred forty & three
thousand two hundred seventy & four
pounds ninetee{illeg}|n| shillings eleven pence
three farthings
} 118067. 2. 114 21651876,/2243274. 19. 1134\
The coin yearly encreased in the
third part more then in the secon
from ye fir|la|st of March 16{29}|38| to the |May|
last of March 16{illeg}8 1657 (till the beginning
of ye Company) more then in the second
part Forty three thousand eight hundred
sixty & seven pounds six shillings five
pence farthing. The total thereof is
Eight hundred thirty & three thousand four
hundred seventy & nine pounds five shillings
three pence three farthings.
} 833479. 5. 334\43867. 6. 514/ 833479. 5. 334

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The coyn hath yearly decreased in the
fourth part from May 1{illeg}|6|57 to this present
November 1675 being the eighteen years
& half of this present compa{illeg}|n|y Two
hundred &|e|ighty & six thousand & one pounds
eleven thirteen shillings three farthings
The total whereof is five millions
two hundred & ninety one thousand &
thirty pounds eleven shillings & eight
pence
} Yearly decrease Total decrease
286001l. 13s. 034d 5291030l. 11s. 8d

The Gold & Silver exported f{illeg}|or| India, from ye 2d of March 167{5}|3| to ye 1|e|leventh of March 1674, was by entry at the Custome house for ye Port of London, Five hundred sixty & odd thousand pounds, besides what was entred in the out Ports & without entr{illeg} entry exported.

The company exporting {illeg}|s|o great quantities of Gold & Silver hath inhansed the price of Standard Silver from under five shillings the ounce to five shillings & four pence wch is ten per cent, & a twenty shillings piece of broad Gold to twenty & four shillings wch is twenty per cent, & Guinneys in proportion, wch is so much in value above his Majesties coyn that it doth not only hinder the Bullion of Gold & Silver imported from being coyned, but hath occasioned all the weighty coyn to be culled out & melted into Bullion.

So that there is not above fifteen or twenty pounds of currant money left in the Kingdom; wch is not sufficient to manage the trade, wch is re{illeg}|p|uted to be above forty {illeg}|m|illions a year.

The free exporting of Gold & Silver & laying so great impositions by Mulet on all the commodities & Manufactures of this Kingdom hinders the exporting thereof; wch hath brought down the prizes of Land, Lead, Tin, Wollen & other manufactures.

© 2024 The Newton Project

Professor Rob Iliffe
Director, AHRC Newton Papers Project

Scott Mandelbrote,
Fellow & Perne librarian, Peterhouse, Cambridge

Faculty of History, George Street, Oxford, OX1 2RL - newtonproject@history.ox.ac.uk

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