Definition of 'intrinsic value'

Author: Isaac Newton

Source: MINT 19/2/93, National Archives, Kew, Richmond, Surrey, UK

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- 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
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<93v>

These are the values put upon Gold & Silver in several nation by the coynage or stamp which is usually called the extrinsic value. Their values in the market as Bullion or merchantable commodities called their intrinsic values, are a little different. F Gold eleven ounces fine is worth 3^li. 19^s. 9^d per ounce in the market of London & Silver 11^oz 2^dwt fine is worth 5^s 7^d per ounce or thereabouts: at which rate a Guinea is worth as much silver as by coynage will make 1^li. 3^s. 3^d.

Some proposals relating to light gold & silver

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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