Covering letter for MINT00159 (Mint 19/1/228-9)
May it please your Lordship
I herewith send Lordship a Paper of the steps by which the Triall of the Pix proceeds, together with an Extract of so much of the Indenture of the Mint as relates to this Triall. And in anything in which I can serve your Lordship I should be glad to receive your Lordships commands, being
My Lord
Your Lordships most humble
& most obedient servant
Is. Newton
<236v>1lwt of ☉ money = 44 Guineas =47.16.9 = 11 oz fine ☉
1lwt of ☾ money = 3li 2s = 11 oz 2dwt fine ☾ = 11.1oz fine ☾
A pound weight Troy of standard Gold is cut into 44 Guineas which at 21s 6d the Guineas amount unto 47li 16s 9d. This is the value of 11 ounces, of fine Gold. Therefore a pound weight of fine gold is worth 52li. 3s. 8
A pound weight Troy of standard silver is cut into 62 shillings. This is the value of 11oz 2dwt of fine silver. Therefore a pound weight of fine silver is worth 3.7.0
And 15Lwt of fine silver is worth 50.5.4. And a pound weight of fine ☉ is worth more then 15lwt of fine silver by 1li.18s.4d.-
A pound weight (Troy) of standard silver is cut into 62 shillings. This is value of 11oz 2dwt of fine silver. Therefore the value of 11oz of fine ☾ is worth. 3. 1. 5.
And 15 × 11 oz is worth 46.1.7. And 11oz ☉ = 44 Guineas is worth more by 1.15.1
Source
MINT 19/1/236, National Archives, Kew, Richmond, Surrey, UKJuly 1701?, c. 265 words.