Valuation of another three two-real pieces and new estimate of the total amount to be produced by the reminting as 4,189,000 two-real pieces
The three spanish pieces of two Ryals which were sent to me by your Lordships order to be examined are very unequally coined. One of them weighd 3dwt 6 grains & is 4dwt worse then our standard. Another weighd 3dwt 13grains & is standard scant. A third weighs 3 dwt 10gr & is 4dwt worse. These three & that which by your lordships order I caused to be assayed some weeks agoe & which was 3dwt worse then standard, & weighed 3dwt 6gr, are one with another at a medium in weight 3dwt 9gr & in Assay 3dwt worse than standard & in value 10d.+[1] And if a Mexico piece of eight be worth 4s 6d then 800000 pieces of eight will make about 4189000 two Ryall pieces of K. Charles.
5 Carolu's & of a Carolus equal a Mexico piece of 8. 47 Caroluses equal 9 pieces of 8 & 8000000 pieces of 8 should make 4180000 Carolusses.
If a piece of 8 be recconed at 54d, 800000 pieces of 8 will make 4189100 Carolusses. But per 100 abated brings it to 4175000
And a Mexico piece of eight worth 4-6 is almost 5 per cent better in value then 5 of these two Ryal pieces. And 800000 such Mexico pieces of 8 will make 4189000 such two Ryal pieces
Source
MINT 19/2/209, National Archives, Kew, Richmond, Surrey, UK5 October 1711, c. 257 words.