________________
NOVEMBER, 1882.] THE COINAGES OF THE EAST INDIA COMPANY.
317
15.13 - 31 1 ** - 36
COLOM
s6
1546-37 155141- 5
000
90
ally was. The depreciation which money has Conquest, was the "gold pennie" of the 41st year suffered in respect to the value of necessary of Henry III, it weighed two sterlings or silverfood and other useful commodities, is the effect pence, and passed for 20 pence." "In the 49th of the increase of bullion in Europe, by the year of the reign it was raised from its original importation from America, and the increase of value to 24 pence." We may disregard the taxes, which in very many articles now consti- intermediate changes and come to the sovereigns tute the greatest part of the price."
of 20 shillings each, first minted by Henry VII, Fine
and subsequently fixed under the name of unites Silver. Alloy.
by James 1, at 22 carats fine (i. e. fine gold, Before A. D. 1300, a pound of oz.dwt. oz.dwt. £. 8. d.
1 alloy) and 334 pieces to the pound troy. A. D. 1800 - 28 Edward I. ... 20 181 0 3 1344 – 19 Edward III... 11
Under Charles II, (1666), a new coinage of
2 0 13 1 2 2 1346 - 2017
u 2018 1 2 6 guineas, at 44 to the pound troy, was issued. 1353 - 27
0 18 1412 - 13 Henry IV. ...
This coin varied in its current price from 20 1-464 - 4 Edward IV...
shillings up to 30, until the year 1717, when 1527 - 18 Henry VIII...
80 it was fixed authoritatively at 21 shillings.
Sovereigns of 20 shillings were finally intro1549 - 3 Edward VI... 60 3 12 0 duced in 1816,80 463% pieces going to the troy
3 12 0 1551 end of
... 1 0 15528
19 3 0
pound; thus each coin contained 4 dwt. 17.001
0 1553 - 1 Mary ......... 11 11 0 3
grains, or 113.001 grains of pure gold.
0 0 1560 — 2 Elizabeth ... 11 2 0 18 3 0 0 For the purposes of comparison of exchange * 1601 - 43 ... 11 2 0 18 3 2 0
computations and exhibiting the persistent fall N.B.-These rates of English money are taken in the value of silver, I quote the subjoined " by Mr. Folkes from the indentures made with abstract of a Table prepared by Ruding of the Masters of the Mint, and consequently may the relative values of the higher metals. be depended on as authentic."-Macpherson's | The fractions which are, at times, of consiAnnals of Commerce, Vol. IV, Appendix II, derable importance, have been omitted in this London, 1805,
summary Table II.-Of the weights of the different Table III.- Of the relative value of Gold and denominations of Silver Coins [including alloy).
Silver. Silver penny Shilling.
Gold, Silver. Proportion. William I..............A.D. 1066 22 grains.
Henry I, 5 ...... fine 11.2-181 to 9 Edward I... 1300 Henry III, 14...
11 to 10 III. 1344
41...
1 to 9 Edward I, 6 .
1 to 10 1351
Car.gr. alloy
Edward III, 18. 23.31 04 11.2-181 to 12 Edward IV
to 11 Henry VII. 144 grains. Henry IV, 13.
to 10 1543 Edward IV, 4.
1 to 11 Edward VI. 1549 Henry VIII, 18.
1 to llold stand.39 ... 22 2
itollnew stand. 33 Mary 1553
34... Debasement
1 to 10 Elizabeth 1601 7 ..
36..
1 to 6
1 to 5 Edward VI, 3...
1 to 5 "Such continued to be the weights of the
1 to 4 several coins until the 56th George III. (1816),
1 to 2 6.. 23. 3 03
1 tollold standard when at the great recoinage the following
22.0 2
1tollnew standard weights were established."
Elizabeth, 2 ...1
1 to 11
1 to 12old standard | Shilling. Crown.
James 1, 2, 3 ... Crown.
itol2new standard
1 to 13 404 803 2017 4031
Charles II, 15...22
11 to 14 English Gold. William & Mary
1 to 15 The first gold coin struck, after the Norman George I, 3 ...
11 to 15 ..... 18 ...
li to 1533 11 "In this lowest depreciation of the English money 30 Measures, Weights, and Moneys, by W. S. B. Woolthe value of the nomínal pound sterling was only 4
house, (Weale's series), 3rd Edit. 1867. shillings and 7 d. of modern money."
1 Ruding, (1819), vol. I, p. 28. . Edward Hawkins, "The Silver Coins of England," 21 Ounces and dwta.
33 Excluding fractions. London, 1841, P: 7.
31 A rise of 5 per cent. "The whole rise from James * Ruding, vol. II, pp. 70, 71.
| 1,1, that is, a space of 115 years was = 398 per cent.
fine
112
22
204
79
1946
18
Henry
IV
1412 1464 150-4
20.
120 80
) )
15528
96
924
1
37...
6d.
9
.
Measure: series, 1. p. 28. Excluding from Jame
