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Front Page Titles (by Subject) Lord Coke's Account of Coin and Coining. - A Select Collection of Scarce and Valuable Tracts on Money
Lord Coke’s Account of Coin and Coining. - John Ramsay McCulloch, A Select Collection of Scarce and Valuable Tracts on Money [1856]Edition used:A Select Collection of Scarce and Valuable Tracts on Money from the Originals of Vaughan, Cotton, Petty, Lowndes, Newton, Prior, Harris, and Others, with a Preface, Notes, and Index (London: Printed for the Political Economy Club, 1856).
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- Preface.
- Vaughan, a Discourse of Coin and Coinage
- Chap. I.: Of the First Invention and Use of Money.
- Chap. II.: Of the Matter of Money.
- Chap. III.: Of the Forms of the Money Anciently and Now In Use.
- Chap. IV.: Of the Proportions Held Between Gold and Silver, Antient and Modern.
- Chap. V.: Of the Raising of the Price of Money Both of Silver and Gold.
- Chap. VI.: Of Base Money.
- Chap. VII.: Of the Inconveniences In General Grown In the Matter of Money.
- Chap. VIII.: Of the Low Price of Our Silver.
- Chap. IX.: Of the Prohibition of Forrein Moneys, Especially Spanish.
- Chap. X.: Of the Unequal Coinage of Our Moneys.
- Chap. XI.: Of the Great Increase of the Proportion Between Gold and Silver, and the Things Valued By Them; By Which There Is Grown a Greater Want of Money In England Than Was In Antient Times, and of the Causes Thereof, and of the Remedies Which May
- Chap. XII.: Of the Raising of the Price of Moneys By Our Neighbours, and the Defect of Our Not Raising of Our Moneys Accordingly.
- Chap. XIII.: Of the Benefits Which Do Grow Unto the State By the Raising of Moneys, and the Prejudices Which Do By Not Raising of It.
- Chap. XIV.: The Benefits Which Do Grow to the State By the Not Raising of Money, and the Prejudices Which Do Grow By the Raising of It.
- Chap. XV.: Examinations of the Reasons For the Raising of Money.
- Chap. XVI.: Examinations of the Reasons For the Not Raising of Money.
- Chap. XVII.: Of Contracting With Forrein Nations By Ambassadors to Keep Their Moneys At a Certain Standard.
- Chap. XVIII.: Of the Ordaining of Solid Payments.
- Chap. XIX.: Of Equalizing the Exchange.
- Chap. XX.: Of Reducing Moneys to the Lowness of Ancient Values.
- Chap. XXI.: Of Raising Our Moneys According to the Raising of Our Neighbours.
- Chap. XXII.: Of Introducing Two Different Species of Money.
- Chap. XXIII.: Of Coining of Moneys Without Distinction of Weights.
- Lord Coke’s Account of Coin and Coining.
- Cotton, a Speech Touching the Alteration of Coin.
- The Answer of the Committees Appointed By Your Lordships to the Proposition Delivered By Some Officers of the Mint, For Infeebling His Majesties Monies of Gold and Silver.
- The First Part. the Preamble.
- Questions to Be Proposed to the Merchants, Mint Masters, and Goldsmiths Concerning the Alteration of the Silver-monies.
- Certain General Rules Collected Concerning Money and Bullion Out of the Late Consultation At Court.
- Advice of His Majesty’s Council of Trade, Concerning the Exportation of Gold and Silver In Foreign Coins and Bullion. (concluded December 11. 1660.)
- Reasons Aud Arguments For the Free Exportation of Gold and Silver In Foreign Coin and Bullion.
- Sir William Pettys Quantulumcunque Concerning Money, 1682.
- Questions.
- A Report Containing an Essay For the Amendment of Silver Coins
- The Second General Head Concerning the Present State and Condition of the Gold and Silver Conis.
- The Third General Head Discusses This Question, Whether It Be Or Be Not Absolutely Necessary At This Time to Re-establish the Coins.
- The Fourth General Head Is to Propose the Means That Must Be Obtained, and the Proper Methods to Be Used In and For the Re-establishment of the Silver Coins.
- The Fifth General Head Considers What Must Supply the Commerce, Pay Taxes, &c. Whilst the Clipt Money Is Under Its New Fabrication.
- In Quodam Libro Vocato Nigro Scripto Tempore Regis Henrici Secundi, Per Gervasium Tilburiensem, De Necessariis Scaccarii, Remanente In Curia Receptæ Scaccarii, Inter Alia Sic Continetur.
- A Computation of the Common Weight of a Hundred Pounds By Tale, In Ordinary Silver Money At This Day, Taken From a Medium of the Bags, Weighed At the Receipt of Exchequer, In May, June, and July Last.
- Note On the Re-coinage of 1696-99.
- Representations of Sir Isaac Newton On the Subject of Money. 1712-1717.
- Representation First
- Representation Second.
- Representation Third.
- Tables Illustrative of the Successive Changes In the Standard, In the Weight of the Coins, and In the Relative Values of Gold and Silver In England, From the Conquest Down to 1717.
- Note On Scotch Money, With Tables Showing the Successive Changes In the Standard In the Weight of the Coins, and In the Relative Values of Gold and Silver, From 1107 to 1707, When Scotland Ceased to Have a Peculiar Coinage.
- Observations On Coin In General, With Some Proposals For Regulating the Value of Coin In Ireland.
- Essays On Money and Coin I
- Part I.: The Theories of Commerce, Money, and Exchanges.
- Chapter I.—: Of the Nature and Origin of Wealth and Commerce.
- Chapter II.—: Of Money and Coins.
- Chapter III.: Of Exchanges.
- Essays On Money and Coin Ii
- The Preface.
- Part II.
- Chapter I.: A Summary Account of All the Alterations That Have Been Made In Our Standard of Money, From the Norman Conquest to the Present Time, With the Opinions of Some Very Eminent Men Upon Those Kinds of Measures.
- Chapter II.: The Established Standard of Money Should Not Be Violated Or Altered, Under Any Pretence Whatsoever.
- Postscript. of Standard Measures.
- Reflections On Coin In General
- Raper, an Inquiry Into the Value of the Ancient Greek and Roman Money.
- Introduction.
- § 1.: Of the Attic Drachm.
- § II.: Of the Eginean and Euboïc Talents.
- § III.: Of the Roman Money.
- § 4.: Of the Value of Gold In Greece and Rome.
- § V.: Of the Value of the Ancient Greek and Roman Money.
- Conclusion.
- Tables Showing the Denominations of the Principal Greek and Roman Coins, and Their Values In Sterling Money,
Lord Coke’s Account of Coin and Coining.
COIN in 6 E. 1. was but 20d. the ounce, but now it is above thrice so much: Stat. de Glocestr. c. 8.
Co. 2. Instit. f. 311.
The pound of Gold and Silver containeth 12 ounces: 12 graines of fine Gold make a Carrat. 24 Carrats of fine Gold make an ounce, 12 ounces make a Pound of fine Gold of the touch of Paris: but by the Statute of 18 Eliz. cap. 15. 22 Carrats fine make an ounce.
Co. 2. Instit. 575.
Polidore Virgil f. 304. &c. saith, That Sterling Money comes ab effigie Sturni (Anglice Starling) aviculæ in altera parte nummi impressa, &c.Vid. 37 E. 3 cap. 7.vel quod nummum haberet notum stellæ, quod Angli Star vocant: Of this Opinion is Linwood the Civilian. tit. De Testamentis. cap. Item. quia verbo centum solid.
Co. 2. Instit. 575.
Mr. Skene takes it to come from Scotland, from a place called Striveling alias Sterling.
Co. 2. Instit. 575.
But the Esterling or Sterling penny took its name from the workmen, who were Esterlings, that both coined it, and gave it the Allay.Davies Rep. f. 23. 24.Hoveden parte poster. Annalium, fol. 377 b. vet. Mag. Charta 167. The Esterling penny was first coined in Hen. the II. time: and 20d. of Silver made the ounce. Dyer 7 Eliz. f. 82, 83. and 12 ounces made a pound of fine Silver, and 11 ounces fine Silver, and an ounce of Allay maketh a pound weight of sterling Silver, intended within the Act.
Co. 2. Instit. 575.
By 18 Eliz. cap. 15. plate of Silver ought to be of the fineness of xi ounces 2d. weight.
Co. 2. Instit. 575.
Allay is the mixture of Baser Mettal than Silver or Gold, called in our Books, False Mettal, 9 H. 5 Stat. 2 cap. 4. & 6. 3 H. 7. 10. a. b.
Co. 2. Instit. 575.
No more Allay must be put into Money than is limited in the Indentures between the King and the Moniers, upon Pain of Treason. Britton. f. 10 b. Fleta lib. i. cap. 22.
Co. 2. Instit. 575.
FINIS.
a
SPEECH
made by
Sir Robert Cotton, Kt. and Baront.
before the
LORDS
Of HIS MAJESTY’S most Honourable
PRIVY COUNCIL,
At theCouncil-Table:
Being thither called to deliver his Opinion.
Touching the
Alteration of Coin.
Sept. 2. Annoque Regni Regis CAROLI I. (1626.)
LONDON:
Printed in the Year 1651.
*?* There is some uncertainty in regard to the author of this remarkable Speech and the time when it was delivered. It was first published in 1641, as the Speech of Sir Thomas Roe, at the Council Table in 1640; and again in 1651 in Cottoni Posthuma, as the Speech of Sir Robert Cotton, before the Privy Council in 1626. In the former case a proposal was made to relieve the urgent necessities of the King by adding enormously to the alloy in the Silver Coins to be issued to the army. There is, however, nothing in the Speech that would lead any one to suppose that it had been made at so critical a period, or that it was intended to oppose so violent a measure. And hence, the probability seems to be, that it was really made in 1626, by Sir Robert Cotton in opposition to a project then entertained for raising the nominal value of the pound weight of Silver from 62s. to 70s. 6d. The arguments against the project are stated in the Speech with great brevity and clearness; and are said to have occasioned its abandonment.—(See Ruding on the Coinage, 3rd edition, i., pp. 382, 392, &c.).
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