# 'The value of Gold in proportion to silver in several parts of Europe'.

The value of Gold in proportion to silver in several parts of Europe

The Ecu of France goes there for 3^{liv.} 16^{sol.} and by the
weight & assay is worth 4^{s} 6^{d} English & thence the Livre is worth
1^{s}. 2^{d}_{∟}21. The Lewidor goes there for 14 livres which amount to
16^{s} 6^{d}_{∟}94 english. At which rate a Guinea is worth 20^{s}. 8^{d}$\frac{1}{4}$. For as
17^{s}. 2^{d}_{∟}8 (the value of an new coynd Lewid'or in England according to
the {illeg} Table) is to 16^{s}. 6^{d}_{∟}94 (the value of the same in France)
so is 21^{s} 6^{d} the value of an unworn Guinea in England to 20^{s}. 8^{d}$\frac{1}{4}$

By the French King's Edict of Sept 17^{th} 1701 the Mark of fine
gold is valued at 494 livres 6 sols 4 deniers & the Mark of fine
silver at 32 livres 16 sols 7 deniers. According to which proportion
a Guinea of just weight & fineness is worth 20^{s}. 8^{d}$\frac{3}{4}$ in English
silver money of just weight & fineness.

The Ducat is coyned every where in Germany & some northern
countries adjoyning of the same weight & fineness excepting that the
Hungary Ducats are more certainly of full value. It is coyned for
two old Rix dollers of the Empire or nine shillings English, & usually goes
at that rate or within two or three styvers more or less, whereas in
England it is worth 9^{s}. 6^{d}_{∟}3. But if the Rixdoller be of a lower
value, as are the Rixdollers of Holland Flanders Danemark &
several parts of Germany, the Ducat may go for two Rixdollers
& 6, 8 or 10 Styvers or above.

In Holland the Guilder or Floren is worth 20^{d}_{∟}82 English & the
Styver is 1^{d}_{∟}041, as may be collected from the said Table. And there the Ducat goes usually for 5 Guilders & about
5 styvers, that is in our money for 9^{s}. 1^{d}_{∟}3. At which rate a Guinea
is worth 20^{s}. 6^{d}$\frac{3}{4}$.

In the Countries of the Electors of Brandenburg Saxony &
Hannover & Dukes of Zell Brunswick Lunenburg Wolfenbuttel
& some other places are coyned Guildens or Guilders of one & the
same value by consent of the Princes, tho of various allays. This
Guilder consists of 16 Gute Groshes or 24 Marien Groshes; and 46
Marien Groshes are accounted the value of an old Rixdoller or
4^{s} 6^{d} English. So that a Guilder is worth 2^{s}. 4^{d}$\frac{1}{4}$ or thereabouts
By the Table it is worth 2^{s} 4^{d}$\frac{1}{7}$ according to the weight & assay. Now
a Ducat goes in the Countries abovementioned for 3$\frac{3}{4}$ Guilders, that
is for 8^{s}. 9^{d}$\frac{3}{7}$ English & sometimes for two or three Groshes more.
If it be valued at 9^{s}, a Guinea at that rate will be worth
20^{s}. 4^{d}.

In the same Countries a Lewid'or is valued at 7 Guilders
or thereabouts, that is at 16^{s}. 5^{d}. At which rate a Guinea is worth
20^{s}. 5^{d}$\frac{3}{4}$.

At Hamborough the Ducat goes for two Dollars & about
8 or 9 sols lubs or sols of Lubec. This Doller is three Marks lubs
that is 48 sols lubs, recconing 16 sols to a mark. But the Cross
Doller (which is worth 4^{s}. 4^{d}_{∟}91) goes for 52 sols lubs & therefore
the other Doller which goes but for 48 sols lubs is worth 4^{s}. 0^{d}_{∟}84,
or thereabouts. The Marks & sols Lubs are there accounted double
to the Marks & sols Dans or of Danemark, & the four Mark piece
or crown of Danemark goes at Hamborough for two Marks lubs,
& by the assay of several pieces is worth 2^{s}. 8^{d}_{∟}4. And at this rate
three Marks Lubs are worth 4^{s}. 0^{d}_{∟}6. This is the value of the
common Hamborough Doller; & two Dollers & nine sols lubs (the
value of the Ducat) are 8^{s}. 10^{d}_{∟}4. At which rate a Guinea
is worth 20^{s}. 0^{d}$\frac{1}{4}$.

At Dantzick Gold is very scare. Their Guilder consists of
30 Gros, & the Bank Doller which is worth about 4^{s} 6^{d} goes for three Guilders
23 Gros. Whence the Guilder is 14^{d}$\frac{2}{3}$. The Ducat is there
valued at about 7 Guilders 12 Gros, or two Bank Dollers wanting four Gros, that is at about 8^{s}. 10^{d}_{∟}09. And at this rate a
Guinea is worth 19^{s}. 11^{d}$\frac{1}{2}$.

At Geneva the Hungary Ducat was lately valued at
two Ecus & 2 or 3 sols of France, that is at 9^{s}. 2^{d} or 9^{s}. 3^{d}
At which rates a Guinea is worth about 20^{s}. 9^{d}$\frac{1}{2}$. There also
the Lewid'or was lately valued at 3$\frac{3}{4}$ Ecus of France or
16^{s}. 10^{d}$\frac{1}{2}$. At which rate a Guinea is worth 21^{s}. 0^{d}$\frac{1}{2}$. But Gold
was lately higher in France then at present which might
raise the price of Lewid'ors at Geneva. For there the Spanish Pistole was valued only at 3$\frac{2}{3}$ Ecus or 16^{s}. 6^{d}

At Genoa the Croisat goes for 7$\frac{1}{2}$ lires & is worth
6^{s} 6^{d}$\frac{3}{4}$, & therefore the Lire of Genoa is 10^{d}$\frac{1}{2}$. And there
the Pistole is valued at 17$\frac{1}{2}$ lires that is 15^{s}. 3^{d}$\frac{3}{4}$.

At Florence & Legorn, the silver Ducat goes for seven
lires & is worth 5^{s}. 4^{d}_{∟}63 & therefore the Lire of those places
is 9^{d}_{∟}233. And there the Pistole goes for 20 lires
or 15^{s}. 4^{d}$\frac{2}{3}$ & the Lewid'or & Spanish Pistole for between 20 & 21 lires.

+

At Naples the Ducat of Silver is worth 3^{s}. 4^{d}_{∟}34. And there the Pistole as I am informed goes for 4$\frac{1}{2}$ Ducats or 15^{s}. 2^{d}

If the Ducat of Venice whose value is set down in the preceding Table, be that Ducat, as I am told, which goes now at Venice for 6 lires 4 sols de Piccoli; the Lire of Venice will be 6^{d}_{∟}52. And there the Hungary Ducat which goes for 16 lires will be worth 8^{s} 8^{d}_{∟}32, & the Sequin of Venice which goes for 17 lires will be worth 9^{s}. 2^{d}_{∟}84, & the Pistole of Venice which goes for 28 lires will be worth 15^{s}. 2^{d}_{∟}56.

By all which Gold seems to be lower in Italy then in Franc{e.}

In Spain the Pistole (which before wearing is here worth 17^{s}. 2^{d}_{∟}8) is recconed at gour pieces of eight of 18^{s}. And in Portugal the Moeda, which is here worth 27^{s}. 6^{d}, is recconed at 10 Crusados or 28^{s}. 7^{d}_{∟}1. At which rates the Guinea is worth 22^{s}. 5^{d}$\frac{1}{2}$ in Spain & 22^{s}. 4^{d}$\frac{1}{4}$ in Portugal.

Iuly 1^{st} 1702

Errors excepted

Is. Newton.

+ At Rome Florence Legorn Bullogn & Ancona (a city upon the Gulph of
Venice{)} three Iulio make a Teston & the Teston by assay is worth 1^{s}. 6_{∟}^{d}21 &
thence the Iulio is 6_{∟}07^{d}. Ten Iulios make the Escudi or Ecu of Rome but I
cannot yet procure that piece of money for an assay. At Florence three
Iulios are two lires & 10$\frac{1}{2}$ Iulios make the Ducat & thence the Iulio
is 6_{∟}15^{d}. Now in those cities the Pistole of Italy goes for 30 Iulios or 15^{s} 4^{d}$\frac{1}{2}$
& the Spanish Pistole for 31 Iulios or 15^{s}. 10^{d}_{∟}65 supposing the Iulio 6_{∟}^{d}15.

At Bulloign & Ancona the Sequin of Venice goes for 18 Iulios or
9^{s}. 2_{∟}7^{d} & the Hungary Ducat for 17 Iulios or 8^{s}. 8_{∟}55^{d}.

If the Ducat of Venice whose value is set down in the Table &c

At Millain the Piece of Eight went lately for 5 lires 17^{sols} & the
Philip or silver Dducat for 6 lires. So that the Philip is to the Piece of eight
(or 4^{s}. 6^{d}) as 40 to 39 & therefore is worth about 4^{s}. 7$\frac{5}{13}$^{d}. This piece as
I am informed goes at Venice for 8$\frac{1}{2}$ lires & therefore the Sequin
which goes at Venice for 17 lires is there worth 9^{s}. 2$\frac{10}{13}$^{d}, as before.

At Naples the Ducat of Silver is worth 3^{s}. 4_{∟}43^{d}, as before.

By all which gold seems to be lower in Italy then in France the Spanish Pistole being every where worth less then 16^{s.} At which rate the Guinea is worth less
then 20^{s}

In Spain the Pistole is recconed at four pieces of eight or 18^{s} which is 9_{∟}2^{d} more
then in England. And in Portugal the Moeda is recconed at ten Crusados or 28^{s}. 7^{d}_{∟}1
w{hich is 14^{d} more} then in England. At which rates a Guinea is worth 22^{s}. 5$\frac{1}{2}$^{d} in Spain & 22^{{s}}. 5^{d} in Portugal.

In these recconings standard Gold is valued in England at 4^{li} per ounce
as Goldsmiths value it for the melting Pot. The standard value is 3^{li}. 19^{s} 8{$\frac{3}{4}$^{d}.}
At which rate about $\frac{7}{8}$^{ths} of a penny are to be added to the value of the Guinea
in forreign Countries.

^{[1]}

I. Stanley

Is. Newton

I. Ellis