18. All foreign coin to pass for bullion only.
18. That no foreign coin shall have any legal currency, except as bullion at the mint price.
By these or the like regulations may be prevented, 1mo, The melting or exporting of the coin in general. 2do, The melting or exporting one species, in order to sell it as bullion, at an advanced price. |Consequences of these regulations.|3tio, The profit in acquitting obligations preferably in one species to another. 4to, The degradation of the standard, by the wearing of the coin, or by a change in the proportion between the metals. 5to, The circulation of the coin below the legal weight. 6to, The profit that other nations reap by paying their debts more cheaply to Great Britain than Great Britain can pay hers to them.
And the great advantage of it is, that it is an uniform plan, and may serve as a perpetual regulation, compatible with all kinds of denominations of coins, variations in the proportion of the metals, and with the imposition of a duty upon coinage; or with the preserving it free; and farther, that it may in time be adopted by other nations, who will find the advantage of having their money of accompt preserved perpetually at the same value, with respect to the denominations of all foreign money of accompt established on the same principles.
A TABLE OF COINS,
Shewing the Quantity of Fine Metal contained in them.
The number of grains of fine metal in every coin is sought for in the regulations of the mint of the country where it is coined, and is expressed in the grains in use in that mint: from that weight it is converted into those of other countries, according to the following proportions:
3840 Troy-grains, 4676.35 Paris-grains, 5192.8 Holland-aces or grains, and 4649.06 Colonia-grains, are supposed to be equal weights; and the coins in the table are converted according to those proportions.
Table of Coins, reduced to Grains of fine Metal, according to the Troy, Paris, Colonia, and Holland-weights.
| Gold Coins. | ||||
| Troy. | Paris. | Colonia. | Holland. | |
| English Coins. | ||||
| 1 A Guinea by statute | — | 144.46 | 143.65 | 160.45 |
| 2 A Crown by statute | — | — | — | — |
| 3 A Shilling by statute | — | — | — | — |
| 4 A Silver Pound sterling by statute 1601 | ||||
| 5 A Gold Pound sterling by statute 1728 | 113. | 137.61 | 136.8 | 152.8 |
| 6 A Silver Pound sterling in currency = 20⁄65 lib. troy | — | — | — | — |
| 7 A Silver Pound sterl. at the proportion of gold to silver as 1 to 14½ | 113. | 137.61 | 136.8 | 152.8 |
| 8 A Gold Pound sterling at the same proportion of 1 to 14½ | 118.4 | 144.18 | 143.34 | 160.11 |
| 9 A Pound sterling at the mean proportion in gold and in silver | 115.769 | 140.98 | 140.16 | 156.55 |
| 10 A Shilling current = 1⁄65 of a pound troy | — | — | — | — |
| 11 A Guinea in silver, or 21 shillings standard weight | — | — | — | — |
| 12 A Guinea at the proportion of 1 to 14½, worth in silver | — | — | — | — |
| 13 A Pound troy, or 12 ounces English weight | 5760. | 7019.2 | 6973.5 | 7789.2 |
| French Coins. | ||||
| 1 A Louis d’or | 113.27 | 137.94 | 137.13 | 153.17 |
| 2 A Crown of six livres | — | — | — | — |
| 3 A Crown of three ditto | — | — | — | — |
| 4 A Livre | — | — | — | — |
| 5 A Louis d’or, or 24 livres in silver | — | — | — | — |
| 6 A Marc of Paris weight, fine gold or silver | 3783.87 | 4608. | 4581.1 | 5116.9 |
| 7 A Marc of gold coin effective weight, in fine | 3398.3 | 4138.5 | 4114.3 | 4593.4 |
| 8 A Marc of silver coin effective weight, in fine | — | — | — | — |
| German Coins. | ||||
| 1 A Carolin legal weight | 115.45 | 140.6 | 139.78 | 156.12 |
| 2 A Ducat of the Empire ditto | 52.8 | 64.37 | 64. | 71.48 |
| 3 A Florin of Convention | — | — | — | — |
| 4 A Dollar of Convention | — | — | — | — |
| 5 A Dollar of Exchange, the Carolin = 9 flor. 42 kreutzers | 17.85 | 21.74 | 21.615 | 24.14 |
| 6 A Florin current = 1⁄11 of a Carolin | 10.54 | 12.84 | 12.77 | 14.26 |
| 7 A Carolin in Silver at the proportion of 1 to 14½ | — | — | — | — |
| Dutch Coins. | ||||
| 1 A Dutch Ducat | 51.76 | 63. | 62.67 | 70. |
| 2 A Florin in silver | — | — | — | — |
| Silver Coins. | ||||
| Troy. | Paris. | Colonia. | Holland. | |
| English Coins. | ||||
| 1 A Guinea by statute | — | — | — | — |
| 2 A Crown by statute | 429.68 | 523.2 | 520.2 | 581. |
| 3 A Shilling by statute | 85.935 | 104.65 | 104. | 116.2 |
| 4 A Silver Pound sterling by statute 1601 | 1718.7 | 2093. | 2080.8 | 2324.1 |
| 5 A Gold Pound sterling by statute 1728 | — | — | — | — |
| 6 A Silver Pound sterling in currency = 20⁄65 lib. troy | 1639.38 | 1996.4 | 1984.7 | 2216. |
| 7 A Silver Pound sterl. at the proportion of gold to silver as 1 to 14½ | 1638.5 | 1995.3 | 1983.7 | 2215.7 |
| 8 A Gold Pound sterling at the same proportion of 1 to 14½ | 1718.7 | 2093. | 2080.8 | 2324.1 |
| 9 A Pound sterling at the mean proportion in gold and in silver | 1078.6 | 2041.2 | 2032.2 | 2269.9 |
| 10 A Shilling current = 1⁄65 of a pound troy | 81.961 | 99.8 | 99. | 110.82 |
| 11 A Guinea in silver, or 21 shillings standard weight | 1804.6 | 2197.6 | 2184.8 | 2440.3 |
| 12 A Guinea at the proportion of 1 to 14½, worth in silver | 1720.4 | 2095.1 | 2082.8 | 2326.4 |
| 13 A Pound troy, or 12 ounces English weight | — | — | — | — |
| French Coins. | ||||
| 1 A Louis d’or | — | — | — | — |
| 2 A Crown of six livres | 409.94 | 499.22 | 496.3 | 554.3 |
| 3 A Crown of three ditto | 204.97 | 249.61 | 248.15 | 277.1 |
| 4 A Livre | 68.34 | 83.23 | 82.74 | 92.42 |
| 5 A Louis d’or, or 24 livres in silver | 1639.7 | 1996.9 | 1985.2 | 2217.4 |
| 6 A Marc of Paris weight, fine gold or silver | 3783.87 | 4608. | 4581.1 | 5116.9 |
| 7 A Marc of gold coin effective weight, in fine | — | — | — | — |
| 8 A Marc of silver coin effective weight, in fine | 3402.3 | 4143.4 | 4119.2 | 4600.9 |
| German Coins. | ||||
| 1 A Carolin legal weight | — | — | — | — |
| 2 A Ducat of the Empire ditto | — | — | — | — |
| 3 A Florin of Convention | 179.73 | 218.87 | 217.6 | 243. |
| 4 A Dollar of Convention | 269.59 | 328.31 | 326.4 | 364.5 |
| 5 A Dollar of Exchange, the Carolin = 9 flor. 42 kreutzers | — | — | — | — |
| 6 A Florin current = 1⁄11 of a Carolin | — | — | — | — |
| 7 A Carolin in Silver at the proportion of 1 to 14½ | 1674. | 2038.6 | 2026.8 | 2263.8 |
| Dutch Coins. | ||||
| 1 A Dutch Ducat | — | — | — | — |
| 2 A Florin in silver | 148. | 180.3 | 179·2 | 200.21 |