<271r>

An Account of all the Gold & Silver coyned in his Majesties Mint within the Tower of London from the first of October 1599 being the one & fortieth year of Queen Elizabeth to this present November 1675, being seventy six years divided into four parts, shewing how the coyn of this kingdom did encrease in the three first parts proportionable to the encrease of trade & Navigation; & how much it hath decreased in the fourth part, being since this present East India Company was erected in the year 1657.

Gold & Silver coyned. Totals by Tale Yearly Medium
From the 1st of Octob. 1599 to the last of
March 1619 was coyned four Millions seven
hundred seventy nine thousand three hundred
& fourteen pounds thirteen shillings & four
pence, which was per annum Two hundred
forty five thousand ninety three pounds
& seven pence
} 4779314l. 13s. 4d 245093l. 0s. 7d
From the last of March 1619 to the last
of March 1638 was coyned six Millions nine
hundred thousand forty two pounds eleven
shillings & one penny, which was per annum
Three hundred sixty three thousand
one hundred & sixty pounds two shillings
& eight pence farthing.
} 690042. 11. 114 363160. 2. 814
From the last of March 1638 to
May 1657, till the beginning of the Company
was coyned seven Millions seven hundred
thirty three thousand five hundred
twenty one pounds thirteen shillings four
pence farthing, which was per annum
Four hundred & seven thousand & twenty
seven pounds nine shillings one penny
half penny
} 7733521. 13. 414 407027. 9. 112
<271v>
From May 1657 to Nov. 1675 being eighteen
years & half of the Company was coyned
Three millions two hundred thirty eight
thousand nine hundred ninety seaven
pounds sixteen shillings three farthings, about
one million: of which was Harp & Cross money
& broad Gold &c recoyned, which deducted there
remains but two millions, two hundred &
thirty eight thousand nine hundred ninety
seaven pounds sixteen shillings & three
farthings; which 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 the first
of Octob. 1599 to Novemb. 1675, Twenty
one millions six hundred fifty one thousand
eight hundred seventy & six pounds thirteen
shillings & tenn pence farthing
} 21651876. 13. 1014
Yearly encrease. Total encrease.
The coin yearly encreased in the
second part from the last of March 1619
to the last of March 1638 more then
in the first part One hundred & eighteen
thousand sixty & seven pounds two shillings
one penny farthing. The Total thereof
is Two Millions two hundred forty & three
thousand two hundred seventy & four
pounds nineteen shillings eleven pence
three farthings
} 118067. 2. 114 2243274. 19. 1134
The coin yearly encreased in the
third part
from the last of March 1638 to May
1657 (till the beginning
of the 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.
} 43867. 6. 514 833479. 5. 334

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The coyn hath yearly decreased in the
fourth part from May 1657 to this present
November 1675 being the eighteen years
& half of this present company Two
hundred eighty & six thousand & one pounds
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 for India, from the 2d of March 1673 to the eleventh of March 1674, was by entry at the Custome house for the Port of London, Five hundred sixty & odd thousand pounds, besides what was entred in the out Ports & without entry exported.

The company exporting so great quantities of Gold & Silver hath inhansed the price of Standard Silver from under five shillings the ounce to five shillings & four pence which is ten per cent, & a twenty shillings piece of broad Gold to twenty & four shillings which is twenty per cent, & Guinneys in proportion, which 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; which is not sufficient to manage the trade, which is reputed to be above forty millions 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; which 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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