205)

Author: Isaac Newton

Source: MINT 19/2/191, National Archives, Kew, Richmond, Surrey, UK

Additional Information
- Notes on the Electronic Edition
  - You are currently reading the normalized version of this text. Normalized transcriptions provide a tidied-up view of the original text. Editorial interventions are applied to expand abbreviations and correct textual mistakes. Additions are silently included within the body text and deleted text is not displayed. Switching to the diplomatic view of this text will show 45 deletions, reveal 36 additions and not apply 20 editorial regularizations.
- Revision History
  - 1 January 2001
    - Catalogue information compiled by Rob Iliffe, Peter Spargo & John Young
  - 29 September 2011
    - Catalogue exported to teiHeader by Michael Hawkins
  - 23 March 2017
    - Transcribed by Will Scott, with some retrofitting of normalized MINT00305
- Download MINT00306.xml and schema (advanced users only)
Related Texts
- This document is a version of:
  On the value of Mexican, Peruvian and Seville coins [MINT 19/2/205]

<191r>

By the weight & assay of several pieces of forreign coins heretofore made in the mint, Mexico pieces of $\frac{8}{8}$ were (one with another) found worth 4^s 6^d a piece, & Sevil pieces of $\frac{8}{8}$ (old plate ) were found of the same intrinsic value. And after this rate I valued them in an estimate of the intrinsic value of several foreign coins which I formerly made for the use of the Plantations in the West Indies. See stat. 30 An 6. Annæ R.

Now according to this rate 200000^li starling are worth (888889 pieces of $\frac{8}{8}$ of either Mexico or Sevil: wanting six pence according to the intrinsic value.

Is. Newton

To the Right Honourable the Earl of Oxford & Earl Mortimer Lord High Treasurer of great Britain.

May it please your Lordship

By the weight & assay of forreign coins formerly taken in the Mint, Mexico pieces of $\frac{8}{8}$ one with another are worth 4^s 6^d sterling in intrinsic value & Sevil pieces of $\frac{8}{8}$ (old plate) are of the same intrinsic value with those of Mexico. And according to this value eight hundred eighty eight thousand eight hundred & eighty nine pieces of eight of either Mexico or Sevil (old plate) are worth two hundred thousand pounds & six pence sterling.

All which &c

Is. Newton

Exchangers reccon a piece of $\frac{8}{8}$ worth 4^s 3^d $\frac{51}{95}$ without distinguishing between the several sorts of pieces of $\frac{8}{8}$ . Mexico & Sevli pieces new coined are worth 4. 6. Pillar pieces are worth 4^s 6^d $\frac{3}{4}$ . Peru pieces are more uncertain in their value Refiners reccon them not worth 4^s 3^d a piece one with another.

English Pieces of Eight are more worn & diminished then the english milled money & in this recconing I have made no allowance for the excess of wearing. Exchan{gers} reccon a piece of eight at a par with 4^s 3^d $\frac{51}{95}$ without distinguishing between the several sorts of pieces of eight: for pieces of eight of Peru are coarse & Refiners reccon them scarce worth 4^s 3^d.