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Considerations about the Coynage of Copper Moneys

1. That six or at most seven hundred Tunns of Copper moneys are sufficient for all England, & I am of opinion that there is above three quarters of that quantity now in the nation.

2. That whenever there shall be a coinage of such moneys, the coynage do not exceed 20 or 30 or at most 40 Tunns per an. For this money should have time to spread eavenly without making a clamour any where before the nation be sufficiently stockt.

3. That it be in the power of the Queen or Lord Treasurer to diminish or stop the coinage at pleasure for preventing clamours if there should be occasion.

4. That the moneys be coined in the Mint, it being unsafe to have coining Tools & coinage abroad.

5. That ye moneys be well coined & a pound weight cut into {{illeg}|no|} more then {illeg}|tw|enty pence, least the ill form or lightness of the money be an encouragement to counterfeiters.

6.That about one seventh part of ye moneys be in farthings. The first 20 or 30 Tunns may be all in farthings because they are wanted.

8. That ye Master & Worker for the time being be charged & discharged by his Note as in the coinage of gold & silver.

{illeg}|9|.That all the charge of copper, coinage, coining tools, wages & incidents be paid out of the profits of the coinage

1{illeg}|0|. That the copper be paid for out of ye produce of the coinage within \two/ three or four months after delivery

{illeg}|11|. That if the copper upon the assay be not good the Master have power to refuse it.

1{1}7. That on{{illeg}|e|} or more persons be appointed to buy & import the copper by weight & receive |it| back ye new copper in money by weight & tale & put the same away

1{2|3|}. The|at| |ye| Master for the time being be allowed 5d per pound weight for coinage by casting the blanks, or           per pound weight for coinage by casting milling {illeg}|&| sizing of barrs & cutting out the blanks, as is done in the coinage of gold & silver

13|4|. That ye surveyor of the meltings be paid by the number of melting days & the Tellers by tale

12 That ye copper be coined without any mixture wch may diminish its price in the market if hereafter the moneys should be called in & melted down. For the price {illeg}|of| the metal in the market is the intrinsick value of ye money. And that not above three or four ounces of Tynn be added to an hundred weight of copper in fusion to make it run close.

15 That the Importer above mentioned be paid by the Tunn for all trouble & charge in buying & importing the copper & for coinage & porters & barrels & baggs & paper & packthread & for putting away the copper money & making up the account, & that he bring in no particular account for any of these things.

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16. Or if the Master be the Cashier & makes up the account, that he be allowed for his trouble & hazzard therein

18. If her Maty should think fit by Patent to grant away the profit of the coinage above all charges, there will be no need of an Accountant or Teller or other Importer then the Patentee. But it was thought fit in the reigns of K. Charles & K. Iames that ye coinage should be upon account. And the copper will& coinage will be the better if paid for by her Maty. And the profits above ye account may be given to whom her Maty pleases if it be thought fit.

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© 2017 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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