Shillings were first coined by Henry VII. in 1503; at first they were called testoon, from the teste, tête, or head of the king, upon them; the name shilling being derived from the German schelling, under which name coins had been struck at Hamburgh in 1407. The crown was first coined in its present form by Henry VIII. The half-crown, six-pence, and three-pence, were coined by Edward VI. In 1558, queen Elizabeth coined three-halfpenny, and in 1561, three-farthing pieces; but they were discontinued in 1582. Gold was coined in England by Henry III. in 1257; the piece was called a gold penny, and was larger than the silver one, and the execution by no means bad for the time. The series of gold coinage, however, commences properly from Edward III. In 1344, this monarch first struck florins, in imitation of those in Italy; and it is remarkable, that though these coins, at the time they were first issued, bore only six shillings value, they were (even before the late increased value of gold) intrinsically worth nineteen shillings; so much has the value of gold increased since that time. The half and quarter florin were struck at the same time, but only the last has been found. The florin being found inconvenient, gave place to the noble, of six shillings and eight-pence value, and exactly half a mark. The latter had its name from being a limited sum in accounts; and was eight ounces in weight, two-thirds of the money pound. The noble had its name from the nobility of the metal; the gold of which it is coined being of the finest sort. Sometimes it was called rose-noble, from both sides being impaled in an undulating circle. It continued, with the half and quarter noble, to be the only gold coin till the angels of Edward IV. appeared in 1465. These had their name from the image of Michael and the Dragon which they bore. The angelites, of three shillings and four-pence value, were substituted in their place. In 1527, Henry VIII. added to the gold coins the crown and half-crown at their present value; the same year he gave sovereigns of twenty-two shillings, and six-pence, and ryals of eleven shillings and three-pence, angels at seven shillings and six-pence, and nobles at their old value of six shillings and eight-pence. In 1546 he caused sovereigns to be coined of the value of twenty shillings, and half sovereigns in proportion.

On the union of the two crowns, James gave the sovereign the name of unite; the value continuing twenty shillings, as before. He coined also rose ryals of thirty shillings, spur ryals of fifteen shillings, angels of ten shillings, and angelites of five shillings value. Under the Commonwealth, the sovereign received the name of the twenty shilling piece, and continued current till the coinage of guineas. These were so called, from their being coined of gold brought from the coast of Guinea, and were at first to pass but for twenty shillings, though by a universal but tacit consent, they always passed for twenty-one shillings. Half-guineas, double-guineas, and five guinea pieces, were also coined during the same reign; which still continue, though the two latter are not in common circulation. Quarter-guineas were coined by George I. and likewise by his late Majesty; but they were found so troublesome on account of their small size, that they were stopped at the Bank of England; and therefore are not to be met with in circulation at present. A few pieces of seven shillings value were likewise coined, and are known by the lion above the helmet; but none were issued. In 1668, the guinea rose to twenty-one shillings and sixpence, and continued to increase in value till 1696, when it was as high as thirty shillings; but after the recoinage in 1697 and 1698, it fell by degrees, and in 1717 was at its old standard of twenty-one shillings. During the reign of George III. vast numbers of seven shilling pieces were issued, which continued some years in general circulation. Sovereigns have also been coined since his present Majesty’s accession, and they constitute at present the prevailing gold currency of the realm.

Singular Calculation respecting the National Debt.—The national debt, funded and unfunded, on the 5th of January, 1811, was £811,898,811, which are equal to 773,236,267 guineas, which, at 5 dwts. 8 grains each guinea, weigh 6312 tons, 11 cwt. 3 qrs. 5 lbs. 1 oz. 6 drs. nearly, avoirdupois. Now supposing a waggon and five horses to extend in length twenty yards, and to carry two and a half tons of the said guineas, the number of teams necessary to carry the whole would extend in length twenty-eight miles twenty-three yards. To count the debt in shillings, at the rate of thirty shillings in a minute, for ten hours a day, and six days in a week, would take 2,469 years, 306 days, 17 hours, and 30 minutes, nearly. Its height in guineas, supposing twenty guineas in thickness to be an inch, would be 610 miles, 339 yards, 9 inches; and supposing each guinea an inch in diameter, they would extend in a right line, 12,203 miles, 150 yards, 7 inches. Moreover, the said guineas would cover, in space, 348 acres, 2 roods, 202 yards, nearly. And, lastly, in shillings, each being an inch in diameter, would cover 7319 acres, 1 rood, and 349 yards!

A
MORAL AND PHYSICAL
THERMOMETER;
OR, A
SCALE OF THE PROGRESS
OF
TEMPERANCE AND INTEMPERANCE.

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Liquors, with their Effects in their usual Order.

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