Query regarding the master's liability for pyx trial results
Before the enacting of the coynage Duty the Master & Worker coyned every pound weight of sterling silver into 62 shillings & paid 60shil to the Importer & two shillings to the King. And if by the trial of the Pix it appeared that he had coyned it into more or less then 62 shillings (for it was impracticable to be exact he accounted with the King for the excess or defect being bound to do so by the following license in the Indenture of the Mint. He is now bound by the coynage Act to pay the Importer the whole pound weight in new monies. & reserves no part of it to the King, can nor can get or lose by coyning it into more or less then 62sh. Any yet the above mentioned clause remains still in the Indenture by which he was bound upon the trial of the Pix to pay to the king the excess above 62shill or receive back from his Majesty the defect still remains in the Indenture. The Clause runs thus.
an? Whether can this clause now bind the Master & Worker to pay the excess above shillings to the King after he has paid it by the said Act of Parliament to the Importer or the King to allow to the Master the defect. And what remedy can the Master have in case the said excess should at any time by virtue of this clause be demanded by his Majesty.
Since the making of the Coynage Act the Master is bound by that Act to pay to the Importer the whole pound weight in new monies whether it make more or less then 62 shillings And yet the abovementioned clause remains still in the Indenture
whenever the Master & Worker for every pound weight of Bullion received shall pay a certain tale of monies new coyned.
Qr: Whether may the King by virtue of the said clause in the Indenture demand of the Master the excess above 62 shillings after the Master has by the said Act of Parliament paid the same to the Importer.
<79v><text in Unknown Hand begins>Norwich Mint
Dr
li | oz | D | gr | |||||
To Generall Receivers for | 45088 | 1 | 8 | 17 | standard weight | |||
li | s | d | ||||||
which was in tale | 139773 | 3 | 4 | |||||
is allready paid | 129994 | 10 | 6 | & the | ||||
coynage amounted to | 3757 | 6 | 9 | both | li | s | d | |
which being subducted the Remainder is | 6021 | 6 | 0 |
Source
MINT 19/1/79, National Archives, Kew, Richmond, Surrey, UKc. 1700?, c. 530 words.