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Of the Money of the seven Provinces

In Amsterdam & the towns of Holland they reccon bargain & exchange by Florens (or Livres,) sols & Deniers wch the country people call Guldens styvers & Penninghen or Gilders Styvers & Pence. {illeg} Sixteen Deniers (wch they call deniers common) make a sol & 20 sols and twentyy sols a Floren. They have also Livres sols & deniers de Gross. One {Livre d} Twelve Grosses or Deniers de Gross make a schelling & {illeg} sol de gross or schelling & twenty schellings or a Livre de gross or pondt Vlaem. And a Livre de Gross is 6 Florens, & a skelling six styvers & a styver two Grosses, & 8 Duytes & 16 Deniers.

The real gold monies of Amsterdam & Holland are

Ducats or Ducato{ons}|ns| |valued at| 20 Florens
Ducats or Soveraigns 15
Ducats or quarters of Ducats 5
Rose nobles 11

Their silver monies are

Ducatons valued at 3 Florens 3 sols |current money|
Drie Gu{illeg}|ld|ens |or three Gilder pieces| 3 Florens|, wors 2dt, weight 1oz 8gr, value in exchange 5s. 234d.|
Rix Duelders or Patagons 212 Fo{illeg}|r|ens
Croons 2 Florens
Duelders 112 Florens
Gout Guldens or Gold Gilders of Coarse 1 Floren 8 sols = 28 styvers
Florens or Guldens 1 Floren or 20 sols communs
Sols de Gross or Schellings 6 sols communs = 12 Gross
Sols communs or Styvers 2 Gross = 8 Duytes = 16 Deniers.

The half & quarter pieces are in proportion.

They have other pieces of 2, 3, 4, 8, 1212 sols & divers others for payment, & Duytes or Deniers of copper of wch 8 make the Sol or St\u/yvers.

The money of the Banck (wch is called Banck money & consists in bills of credit upon ye Banck) is \also reccomd{illeg}y Florens & deniers & is/ better then specie money of

Three Guilder pieces (according to Mr Floyer) 3 pr cent
Cross Dollars & Ducatons 4 pr cent
Skillings & 28 Styvers & Styvers 5 pr cent

Bank mone{illeg}|y| varies & is better then Dollars & Ducatons from 3 to 6 pr cent & then other money proporti{illeg}|o|nally. The buyer & seller of Bank money give 1 pr mille to the Bank for entring the bargain: the buyer gives one half & the seller the other ha{illeg}|l|f. |The| Gold monies of Holland are above ye specie coyns at 612 pr cent, above bank money at 112 pr cent

A three Guilder piece is stampt wth a Minerva leaning on an altar & holding a hat on a peer wth this motto Hae nitimur hanc tue{illeg}|m|ur & on the reverse a Belgic Lyon & sometimes a Lyon & \erect/ cross quartered. \Inscription No. Na. argent G. V. &c./ Mr Floyer in one paper makes the 3 Guilder piece Worse 4dt. |ye| weight 20dt 6gr, in another paper wo: 2|3|dt wt 20dt. 8gr in another 3, |4,| 5 |or| {7}|6|dt worse. The following 3 Guilder pieces were {illeg}|w|eighed in the tower & assayed by me in Sept 1700 & {illeg}|a|ssayed in the Tower

|Th{illeg}|e|{illeg}| da{illeg}|t|e 1682 1686 1687 169{2}|1| 1695 1696 1697 1698
weight 1oz4gr 1oz7gr12 1oz5gr 1oz6gr 1oz11gr 1oz5gr34 1oz.914gr 1oz614gr
worsness 112dwt 1dwt 1dwt 112dwt 2dwt 1dwt 1dwt 1dwt

Allowing the was{illeg}|t| of a grain in every 6 {illeg}|y|ears wearing their weight one with another when new coyned was 1oz 8gr, but they were unequally sized be e{illeg}|r|ring in excess & defect of w{illeg}|eight| 2 or 3 grains or above. Comparing these observations wth Mr Floyers they may be recconed 11 ounces fine, & so \when new coynd/ are worth 5s 212d of just standard English money, or 5d. 2d34d of \or/ money new out of the Mint {illeg} If or in course {o}f Exchange. If a grain be added to ye weight so that ye weight be 1oz 9gr they will {e}qual they make {illeg}|the| {bank}\imaginary current/ money of wch 44449 deniers de gross \(or 37sch. 046 gross)/ equal 1 \sterling/ in exchange, & 100 {de}niers de gross equal 54 pence sterling wch is a Rix doller or Ecus. The Dutch therefore in {the} course of exchange overvalue their c{illeg}|u|rrent money 3 per cent. |& should put 3814sch {illeg}l to 1li sterling. At 11124oz fin{illeg}|e| & 1oz 8gr wt they are worth 5s 2110d standard & 5s 2|3|d in exchange.|

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Three Dutch Ducatons coynd 1672, 1673, 1675 weighing 20dwt. 1634gr. 20dwt 20d34, 20{s}18d14 better 3dwt, 3dwt scant, 4dwt. The first coynd in Zeland & most worn, the 2d & 3d coynd in H{illeg} The 3d not worn above a grain |or| 112gr, the 2d not above 2gr. On one side a man on horsback on ye other the Belgic Lyon wth a sword & seven darts in a scutcheon supported by Lyons. Valued at 5s 8d a piece by ye Refiners. The inscription Mo. No. Arg. pro confoe Belg. Prov. Holl. \Westf./ /&c\ & on ye Reverse Concordia res parvæ crescunt. If their weight be supposed 1oz. 21gr & their betterness 3dwt they will be worth 5s. 5d35 a piece of or standard money & 5s. 5d910 of or current in course of exchange, & if a grain be added to their weight they will be worth 5s 6d a piece in course of exchange.

By these assays we may reccon exatcly {sic} enough that if Banck money be supposed 5 pr cent better then specie money {illeg}|o|f ye s{illeg}|a|me denomination, {illeg}|&| pounds schellings & deniers English, spe{illeg}|ec|ie money de gross of Holland & Banck money of Amsterdam of ye same denomination are matically in proportion as 11. 20 & 21. That is {illeg} 11 shillings sterling = 20 schellings Bank money = 21 sh|c|hellings specie money; & 20 shillings sterling {illeg}|=| 36411sch bank money = 38211 species money of ye seven Provinces very nearly.

Patagons, Rix dollers or Legg dollers have on them an armed man with a sword to his right hand the blade leaning on his sholder {sic} & in his left hand a double {string} at wch hands an Escutcheon with the Arms of a Dutch Province covering his left leg. His right legg stands full in view. About it this inscription Mo. No. arg. pro confoe Belg. Westf. \com. Zel./ /&c\ An {sic} on the reverse the arms of the seven Provinces vizt in an Escutcheon a Lyon rampant with a sword in one foot & seven darts in the other with this inscription: Concordia res parvæ crescunt.

One piece 1697 not worn, worse 1312dwt, weight 17dwt 2314gr

Another 1698 not worn, worse 15dwt. wt 17dwt 2312gr

Another 1695 not worn, worse 13dwt, wt 18dwt 134gr

|Another 1701 not worn worse 14dwt 06 wt 18dwt|

Several others \coyned in 1701/ were found by assays in the lower 12dwt worse & one of them 13{dwt} worse. They should be therefore 1012 ounces fine but often prove a penny weigh{t} sometimes two or three penny weight worse. Supposing that they weigh 18dwt & a{re} 1012 ounces fine, they will be worth 4s. 434d130. In Holland they go for 212 Florens, {illeg} is 4s. 3|4|d12 of or money.

Lyon Dollars \are/ worth two thirds of a Ducaton or 3s 8d. Their stamp is {a} man to the thighs holding an Escutcheon before him wth this inscription {Mo.} No. Ar. pro Confoe. Belg. Westf. \Campen/ /&c\ And on the Reverse a great Lyon ramp{ant} with this inscription Confidens Deo non move{illeg}tur.

One piece 1640 worse 2oz 5dwt wt 534gr

Another 1687 worse 2oz 2dwt. wt 17dwt 12gr very little worn

Another 1650 worse 2oz 112dwt wt 16dt. 18gr

Another 1687 worse 2oz 7dwt. wt 17dwt 1314gr very little worn.

Three others not assayed weighed dated 1641, 1645, 1648 weighed 17dwt 7gr14; 17dwt {illeg} 17dwt 7|6|g14. They seem to be 9 ounces fine by law but often happen to be three {illeg} penny weight coarser. Reynolds puts them 8oz 11dwt fine & 17dwt 18gr weight. Their {illeg} is rather 17dwt 13 or 14gr new out of the Mint.

© 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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