In support of a protest by the Corporation of Moneyers against Wood's licence to coin [MINT00508 (Mint 19/2/460-61)]
To the Rt Honble the Lords Commrs of his Mats Treãry
May it please yor Lordps
The Corporation of the Moneyers represent that they have been brought up Apprentices to the trade of coining with relation to England, & that to set up new Mints in England without them diminishes the right of their Apprentischeship. They represent also that the multiplying of Mints tends to promote the skill of counterfeiting the gold & silver moneys, as happened in the coinage of Tin half pence & farthings in the beginning of the reign of King William & Queen Mary. For obviating these objections, & that of the insignificancy of a Comptroller of such a Mint, I humbly propose that Mr Wood prepare the blanks of fine Copper & make them fit to be stamped & then send them to the Mint in the Tower to be delivered there by weight & stamped & delivered back by the same weight. This may be done by a Signe manual appointing the Assay & the number of pieces in the pound weight & the stamp & yearly quantity, & what shall be allowed to the Moneyers Graver Smith & Assayer for their work & to a Clerk for seeing the Copper weighed & assayed & entring all receipts in books & deliveries in books, & acquainting me with what he finds amiss. The whole charge will not exceed two pence half-penny per pound weight. For I reccon nothing for my self. This I propose as safest for the government if it may& to be done by vertue of the power reserved in his Maty & your Lordps of controlling the proceedings of Mr Wood.
All wch is most humbly submitted to yor Lops great wisdome
Isaac Newton.
Mint Office 1921ty Ian 172.
Source
MINT 19/2/464, National Archives, Kew, Richmond, Surrey, UK21 or 29 [date altered and not clearly legible] January 1722/3, c. 299 words.