View Catalog: MINT00259

Catalog Name MINT00259
Document
Title Memorandum. 'Proposals touching the Amendment of the English Coins'
Subtitle
Author Isaac Newton
Place of Origin no place assigned
Origin Date c. 1700
Repository National Archives (Kew, Richmond)
Pages 1,074
Wordcount 0
Language
Contents
Notes

Legislation is needed to fix the value of bullion relative to coin and ensure coin is not worth less than bullion (which leads to its being melted down or exported). The crown piece should be on a par with an ounce of bullion, and their common value reduced by annual increments until it reaches 5s. Hammered half-crowns should be reminted with milled edges and a new stamp to distinguish them from originally milled half-crowns, and have a separate value set on them. Lists various practical issues to be considered before implementing these proposals.

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