# "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 livres 16 sols & by the weight & assay is worth 4^{s}. 6^{d} English & thence the Livre is worth 1^{s}. 2_{∟}21^{d}. The Lewid'or goes there for 14 livres which amount to 16^{s}. 6_{∟}94^{d} english. At which rate a Guinea is worth 20^{s}. 8^{d}$\frac{1}{4}$. For as 17^{s} 2_{∟}8^{d} (the value of an unworn Lewid'or in England according to the annexed Table) is to 16^{s}. 6_{∟}94^{d} (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$\frac{1}{4}$^{d}.

By the French Kings Edict of 17 Sept. 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$\frac{3}{4}$^{d} 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 Rixdollers of the Empire or nine shillings English & usualy goes at that rate or within two or three styvers more or less, whereas in England it is worth 9^{s}. 6_{∟}3^{d}. But if the Rixdoller be of a lower value, as are the Rixdollers of Holland, Flanders Danemark & some other places, the Ducat may go for two Rixdollers & 6, 8 or 10 Styvers or above.

In Holland the Guilder or Floren is of equal value with 20_{∟}82^{d} 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_{∟}3^{d}. At which rate a Guinea is worth 20^{s}. 6$\frac{3}{4}$^{d}.

In the Countries of the Electors of Brandenburg Saxony & Hannover & Dukes of Zell, Brunswick, Lunenburg, Wolfenbuttel & some other places are coyned 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, & 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$\frac{1}{4}$^{d}, or thereabouts. By the Table it is worth 2^{s} 4$\frac{1}{7}$^{d} according to the weight & assay. Now a Ducat goes in the countries above mentioned for 3$\frac{3}{4}$ Guilders or 8^{s}. 9$\frac{3}{7}$^{d}, & 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 Lewidor is valued at 7 Guilders or thereabouts, that is at 16^{s}. 5^{d}. At which rate a Guinea is worth 20^{s}. 5$\frac{3}{4}$^{d}.

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_{∟}91^{d}, goes for 52 sols lubs & therefore the other Doller which goes but for 48 sols lubs is worth only 4^{s}. 0_{∟}84^{d}, or thereabouts. The Marks & sols Lubs are at Hamborough 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 assays of several pieces is worth 2^{s}. 8_{∟}4^{d}, as in the Table. And at this rate three Marks lubs are worth 4^{s}. 0_{∟}6^{d} English. This is the value of the common Hamborough Doller, & two Dollers & nine sols lubs (the value of the Ducat) are 8^{s}. 10_{∟}4^{d}. At which rate a Guinea is worth 20^{s}. 0$\frac{1}{4}$^{d}.

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

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$\frac{1}{2}$^{d}. There also the Lewid'or was lately valued at 3$\frac{3}{4}$ Ecus of France or 16^{s}. 10$\frac{1}{2}$^{d}. At which rate a Guinea is worth 21^{s}. 0$\frac{1}{2}$^{d}. 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}.

1 At Florence & Legorn the silver Ducat goes for 7 lires & by assay is worth 5^{s} 4_{∟}57^{d} & therefore the lire of those places is 9_{∟}224^{d}. And there the Pistole of Italy goes for 20 lires or 15^{s}. 4$\frac{1}{2}$^{d}, & the Lewid'or & Spanish Pistole for between 20 & 21 lires.

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

At Rome Florence Legorn Bullogne & Ancona (a city upon the Gulph of Venice) three Iulios make a Teston & the Teston by assay is worth 1^{s}. 6_{∟}21^{d} & 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$\frac{1}{2}$^{d}, & the Spanish Pistole for 31 Iulios or 15^{s}. 10_{∟}65^{d} supposing the Iulio 6_{∟}15^{d}.

At Bollogne & 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, 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_{∟}52^{d}. And there the Hungary Ducat which goes for 16 lires will be worth 8^{s}. 8_{∟}82^{d}, & the Pistole of Venice which goes for 28 lires will be worth 15^{s}. 2_{∟}56^{d}.

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 & therefor 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}. And there the Pistole as I am informed goes for 45 Carlins or 4$\frac{1}{2}$ Ducats that is for 15^{s}. 2^{d}.

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_{∟}1^{d} which 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

In Ellis

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