Draft of MINT00152 (Mint 19/3/2-3)

<114r>

The Scots in the reign of the three or four last Kings ever since a treaty between them & ye English made in order to an union in ye reign of K. Iames I have {illeg} made in order to an union between ye two nations, have have coyned their silver moneys of ye same allaystandard wth the English vizt 11 ounces 2 penny weight fine & eighteen penny weight allay. For wch end they have indented trial pieces made here of the same plate with those made for ye English Mint. The standard Troy weights by wch they coyn are also made at or mint at ye same time wth ors by common consent of both Mints, & or pPound Troy is greater then theirs by four penny weight & nine grains. And as we divide our ounce Troy into 62 pence so they divide their ounce Troy into sixty two shillings (for their shillings answer to or pence) excepting that they now make in consideration of ye charge of coynage & to prevent the melting down of their moneys make it their moneythey formerlythey formerly made their money lighter by 4 or 5 per cent & now make itthey make their money lighter by four shillings in sixty (as I am informed): so that sixty shillings of their money aisre to their ounce Troy as 56 to 62 or 28 to 31 & by consequence ought to weigh 425gr or 17dwt 17gr of our pound Troy {illeg}(as I find by experience they do) & to be worth 54 english pence & $\frac{\mathrm{9}}{\mathrm{10}}$th parts of a penny. The experiments we have made of ye weight & fineness of their money are as follows

Date	Pieces coyned	Kings reign	weight	Fineness	Value
1673	A two Mark piece	Cha. II	175	worse vij	1s. 9$\frac{\mathrm{7}}{\mathrm{8}}$
✱	A mark piece	Cha II	86	worse vij	0. 10$\frac{\mathrm{3}}{\mathrm{4}}$
1675	Another. Roetteiers.	Cha II	102	worse ij	1. 1
1665	A haf {sic} mark piece	Cha II	42	worse iiij. {illeg}ob	0. 5$\frac{\mathrm{1}}{\mathrm{4}}$
1681	A three pound piece	Cha II	416	worse iiij	4. 4$\frac{\mathrm{3}}{\mathrm{4}}$
1682	Another	Cha II	425	worse iij	4. 6$\frac{\mathrm{1}}{\mathrm{6}}$
1691	Another	W & M	425	stand.	4. 6$\frac{\mathrm{9}}{\mathrm{10}}$
1687	A forty shillings piece	Iam. II	284	not assayd	✱. ✱
1688	Another	Iac. II	283	sta	3. 0$\frac{\mathrm{1}}{\mathrm{2}}$
16889	Another	W & M	284	sta	3. 0$\frac{\mathrm{2}}{\mathrm{3}}$
1694	Another	W. et M	284	sta	3. 0$\frac{\mathrm{2}}{\mathrm{3}}$
1695	Another	W. & M	284	sta sant {sic}	3. 0$\frac{\mathrm{2}}{\mathrm{3}}$
1695	Another	Gul.	283	worse iij	3. 0
1696	Another	Wil.	284	sta	3. 0$\frac{\mathrm{2}}{\mathrm{3}}$
1696	Another	Wil.	283	worse ij	3. 0$\frac{\mathrm{1}}{\mathrm{6}}$
1695	A twenty shillings piece	Gul	142	sta	1. 6$\frac{\mathrm{1}}{\mathrm{3}}$
1695	Another	Gul	142	sta	1. 6$\frac{\mathrm{1}}{\mathrm{3}}$
1696	Another	Wil.	142	sta scant	1. 6$\frac{\mathrm{2}}{\mathrm{3}}$

<114v>

Coyns	Kings reign	YearDate	Weight	Finenes	Value
A ten shillings piece	ChaIam II	1687	71gr	sta	0s. 9d$\frac{\mathrm{1}}{\mathrm{6}}$
Another	Iam. II	✱	71	sta	0. 9$\frac{\mathrm{1}}{\mathrm{6}}$
Another	Gul	1695	71	not assayd	✱. ✱
Another	Gul.	1695	71	sta	0. 9$\frac{\mathrm{1}}{\mathrm{6}}$
Another	Gul.	1695	7168	sta	0. 8$\frac{\mathrm{3}}{\mathrm{4}}$
A five shillings piece	Gul.	✱	35	wors 1dwt	0. 4$\frac{\mathrm{1}}{\mathrm{2}}$

The two Mark the Mark & the half Mark pieces coyned before ye year 1675 are bad work till the year 1675, & considerably coarser & lighter then Standard: for wch reason they were called in neare the end of that reign & are no longer current.

The The bulk of ye Scotch money wch now comes into England are sixty, forty, twenty, ten & five shilling-pieces coyned since are better money, &especially & make up ye bulk of the {illeg}money wch now comes out of Scotland. tThose coyned in the reigns of K. Iames & K. William, wch are very well sized. Most of their money here examined is standard, none too fine some too coarse so that one piece wth another it may be recconed {illeg}abo{illeg}ve an half penny weight wors then standard.

The Scots pay their shillings for englishour pence in ye borders of England & putt off or crown pieces for 665 shill & sometimes 66 of their shillings in Scotland (as I am told) which being an advantage of 8 or 10 per cent has made or money flow into Scotland & theirs into filled ye borders of England with their money & Scotland with ours., & might be continued by And ye carrying on of this trade prompted them to proportionably might have in time have prompted them to melting down or money & carrying it to their mint. for carrying on this trade.

The passing of our crowns for 66 shillings scotch is after ye rate of {illeg} 11 shillings for 10d {illeg}or 10s for 9$\frac{\mathrm{1}}{\mathrm{11}}$, wch considering that severalsome pieces of their money are jdwt ijdwt iijdwt & iiijdwt worse then standard so that our & some are light& all go{illeg}, is about ye just value, as you may perceive by the {illeg}foregoing Table. But because all nations to keep out for discourage the importation of forreign money & secure themselves from loss by ye receipt of it base or& {illeg}worselight money amongst it, receive it not but at an undervalue it may be more reasonable rather to diminish then increase theis value of ye Scotch money {illeg}in England. Which may be conveniently done by recconning receiving their ten shillings pieces in England for {illeg}nine pences their five shillings pieces for four pence-half pennys & their Mark & half Mark pieces (when ever they shall coyn any more of them) for shillings & sixpences. And {illeg} so proportionally of their other standard money. For these are round & ready recconings &fit for use & approach ye true value of their moneys, very nearly without any considerable abatement. wth ye abatement of only 1 per cent, wch is would & not be sufficie for ye weare of ye moneys. wch is scarce sufficientfor securing or selves from loss by ye cousrseness for or security, from {illeg} wch is a very small one, considering that their money may be more easily counterfeited then ours & isgrows lighter dayly by wearing.

<115r>

If the scotch money were all coyned of a just allay & weight {illeg} 11s. 9d. of such money would be worth 10d$\frac{\mathrm{3}}{\mathrm{4}}$ of ours {illeg}. But being found one piece wth another at least obwt or perhaps 1dwt wors then standard, 11s 6d of scotch is scarce worth {illeg}only 10d$\frac{\mathrm{1}}{\mathrm{2}}$ english or perhaps 11s 3d scotch is worth 10d$\frac{\mathrm{1}}{\mathrm{4}}$ English But because all nations receive not to discourage ye importation of forreign money & secure themselves from loss by the importation receipt of light & base money amongst it receive it not but at an undervalue therefore& accordingly ye Scots receive or {illeg}Crown pieces only for twelve pence in Scotland only for 13 shilling of their money. ,And 'tis reasonable that we should undervalue their money as much & receive in England as they do ours in Scotland & accordingly {illeg} wch may be conveniently done by receiving their 10s pieces for 9 pences, {illeg} their 5s pieces for 4 four pence halfpenn{illeg}ies & their Mark & half mark pieces (whenever they shall coyn any more of them) for shillings & sixpences, & so proportionally of their other pieces of money. For these are round & ready recconnings fit for use & approach the true value of t{illeg}heir {illeg}money wth ye abatement of onely 1 or 1$\frac{\mathrm{1}}{\mathrm{5}}$$\frac{\mathrm{1}}{\mathrm{3}}$ per cent for or security, wch is a very very small one considering that their money may be more easily counterfeited then ours.