2-3)

Author: Isaac Newton

Source: MINT 19/3/112-13, National Archives, Kew, Richmond, Surrey, UK

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Related Texts
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  'An Account of the Scotch money' [MINT 19/3/2-3]

<112r>

An Account of the money coyned in Scotland since the Restauratio{n} of King Cha. II.

The Scots in the reign of the three or four last Kings have coyned their silver monies of the same allay with the English viz^t 11 ounces 2^{dw^t} fine & 18^{dw^t} allay, for which end they have indented trial pieces made here of the same piece with those made for the English mint. Their standard Troy weights by which they coyne are also made at our Mint at the same time with ours by common consent of both Mints, & our pound Troy is greater then theirs by 4 penny weight 9^gr. And as we divide our pound into 62 parts which are our shillings & our ounce into sixty two parts which are our pence so they divide their ounce into sixty two parts which are their shillings excepting that to prevent the melting down of their money they make their money lighter by 4 shillings in sixty (as i am informed.) so that sixty shillings of their money is to their ounce Troy as 56 to 62 or 28 to 31, & by consequence ought to weight 425^gr or 17^{dw^t} 17^gr of our pound Troy, as I find by experience they {be} & to be worth 54 English pence & $\frac{}{0}$ parts of a penny. The experiments we have made of the weight & fineness of their money are as follo{ws}

	Pieces Coyned in the reign of King Cha. II	Reign	Date	Weight	Fineness	Value
1	A half mark piece	Cha. II	1665	42^gr	wors iiij^{dw^t} $\frac{1}{2}$	5^d $\frac{1}{4}$
2		Cha II	✱	86	wors vij	10^d $\frac{3}{4}$

4	Another Mark piece	Cha II	1675	102	wors ij	13
3	A two mark piece	Cha II	1673	175	wors vij	21 $\frac{7}{8}$
5	A three pound piece	Cha II	1681	416	wors iiij	52^d $\frac{3}{4}$	4. 4 $\frac{3}{4}$
6	Another three pound piece	Cha II	1682	425	wors iij	54^d. 0 $\frac{1}{6}$	4. 6 $\frac{1}{6}$

<112v>

Pieces coyned in the reigns of King James & King William

	Year	weight	Fineness	Value
A three pound piece	1691	425^gr	standard	4^s. 6^d $\frac{9}{10}$
A forty shillings piece	1687	284	not assayd	✱
Another	1688	283	sta	3. 0 $\frac{1}{2}$
Another	1689	284	sta	3. 0 $\frac{2}{3}$
Another	1695	284	sta	3. 0 $\frac{2}{3}$
Another	1695	283	wors iij	3. 0
Another	1696	284	sta	3. 0 $\frac{2}{3}$
Another	1696	283	wors ij	3. 0 $\frac{1}{6}$
A twenty shilling piece	1695	142	sta	1. 6 $\frac{1}{3}$
Another	1695	142	sta	1. 6 $\frac{1}{3}$
Another	1696	142	sta	1. 6 $\frac{1}{3}$
A tenn shilling piece	1687	71	sta	0. 9 $\frac{1}{6}$
Another	✱	71	sta	0. 9 $\frac{1}{6}$
Another	1695	71 $\frac{1}{2}$	not assayd	✱
Another	1695	72	sta	0. 0 $\frac{1}{6}$
Another	1695	68	sta	0. 8 $\frac{7}{9}$ = 0. 8 $\frac{3}{4}$
A five shilling piece	✱	35	wors i	0. 4 $\frac{1}{2}$

The mark, the two mark & the half marke pieces coyned in the reign of King Charles the II are bad work & considerably coarser & lighter then standard for which reason they were called in neare the end of that reign & are no longer currant in Scotland.

The sixty, 40, 20, 10 & five shillings pieces coyned since are better money in every respect, & make up the bulk of the money which now comes out of Scotland into England. Those coyned in the reigns of King James & King William are well sized except {th}e ten shillings piece. The valuation of their money may be in the nearest round numbers by recconning their 10^s piece worth nine pence of our money & their 5^s piece worth 4 $\frac{1}{2}$ ^d & so proportionally their 20, 40 & 60 shilling-pieces worth 1^s 6^d, 3^s. 0^d, & 4^s 6^d. ✱ < insertion from f 113r > ✱ At which rate their mark pieces (when ever they shall coyn any more of them) ought to pass for shillings & their half mark pieces for sixpences. These are round recconnings fit for use.

< text from f 112v resumes > In recconning exactly their ten-shillings-piece is worth 9 pence & about the seventh part of a penny of our money, yet considering that some pieces of their money are ij^dwt iiij^dwt & iiij penny weight wors then standard & that by continuall wearing their money grows dayly lighter & cannot be recoyned here without loss & that no country receives the money of another country unless at an undervalue, it may seem a reasonable enough that their 10^s pieces should not pass in England for more then nine pences: For were all their money either worse then standard by iiij penny weight or lighter then standard by a grain in every eight shillings: their ten shillings piece would not be worth nine pence.

<113v>

these

An Account of the weight & fineness of the