In the fourth year of King Edward IV. a very curious trial of skill between the jealous English goldsmiths and their foreign rivals took place at the "Pope's Head" tavern (now Pope's Head Alley), Cornhill. The contending craftsmen had to engrave four puncheons of steel (the breadth of a penny sterling) with cat's heads and naked figures in high relief and low relief; Oliver Davy, the Englishman, won, and White Johnson, the Alicant goldsmith, lost his wager of a crown and a dinner to the Company. In this reign there were 137 native goldsmiths in London, and 41 foreigners—total, 178. The foreigners lived chiefly in Westminster, Southwark, St. Clement's Lane, Abchurch Lane, Brick Lane, and Bearbinder Lane.

In 1511 (Henry VIII.) the Company agreed to send twelve men to attend the City Night-watch, on the vigils of St. John Baptist, and St. Peter and Paul. The men were to be cleanly harnessed, to carry bows and arrows, and to be arrayed in jackets of white, with the City arms. In 1540 the Company sent six of their body to fetch in the new Queen, Anne of Cleves, "the Flemish mare," as her disappointed bridegroom called her. The six goldsmiths must have looked very gallant in their black velvet coats, gold chains, and velvet caps with brooches of gold; and their servants in plain russet coats. Sir Martin Bowes was the great goldsmith in this reign; he is the man whom Stow accused, when Lord Mayor, of rooting up all the gravestones and monuments in the Grey Friars, and selling them for £50. He left almshouses at Woolwich, and two houses in Lombard Street, to the Company.

In 1546 (same reign) the Company sent twenty-four men, by royal order, to the king's army. They were to be "honest, comely, and well-harnessed persons—four of them bowmen, and twelve billmen. They were arrayed in blue and red (after my Lord Norfolk's fashion), hats and hose red and blue, and with doublets of white fustian." This same year, the greedy despot Henry having discovered some slight inaccuracy in the assay, contrived to extort from the poor abject goldsmiths a mighty fine of 3,000 marks. The year this English Ahab died, the Goldsmiths resolved, in compliment to the Reformation, to break up the image of their patron saint, and also a great standing cup with an image of the same saint upon the top. Among the Company's plate there still exists a goodly cup given by Sir Martin Bowes, and which is said to be the same from which Queen Elizabeth drank at her coronation.

The government of the Company has been seen to have been vested in an alderman in the reign of Henry II., and in four wardens as early as 28 Edward I. The wardens were divided, at a later period, into a prime warden (always an alderman of London), a second warden, and two renter wardens. The clerk, under the name of "clerk-comptroller," is not mentioned till 1494; but a similar officer must have been established much earlier. Four auditors and two porters are named in the reign of Henry VI. The assayer, or as he is now called, assay warden (to whom were afterwards joined two assistants), is peculiar to the Goldsmiths.

The Company's assay of the coin, or trial of the pix, a curious proceeding of great solemnity, now takes place every year. "It is," says Herbert, in his "City Companies," "an investigation or inquiry into the purity and weight of the money coined, before the Lords of the Council, and is aided by the professional knowledge of a jury of the Goldsmiths' Company; and in a writ directed to the barons for that purpose (9 and 10 Edward I.) is spoken of as a well-known custom.

"The Wardens of the Goldsmiths' Company are summoned by precept from the Lord Chancellor to form a jury, of which their assay master is always one. This jury are sworn, receive a charge from the Lord Chancellor; then retire into the Court-room of the Duchy of Lancaster, where the pix (a small box, from the ancient name of which this ceremony is denominated), and which contains the coins to be examined, is delivered to them by the officers of the Mint. The indenture or authority under which the Mint Master has acted being read, the pix is opened, and the coins to be assayed being taken out, are inclosed in paper parcels, each under the seals of the Wardens, Master, and Comptrollers. From every 15 lbs. of silver, which are technically called 'journies,' two pieces at the least are taken at hazard for this trial; and each parcel being opened, and the contents being found correct with the indorsement, the coins are mixed together in wooden bowls, and afterwards weighed. From the whole of these moneys so mingled, the jury take a certain number of each species of coin, to the amount of 1 lb. weight, for the assay by fire; and the indented trial pieces of gold and silver, of the dates specified in the indenture, being produced by the proper officer, a sufficient quantity is cut from either of them for the purpose of comparing with it the pound weight of gold or silver by the usual methods of assay. The perfection or imperfection of these are certified by the jury, who deliver their verdict in writing to the Lord Chancellor, to be deposited amongst the papers of the Privy Council. If found accurate, the Mint Master receives his certificate, or, as it is called, quietus" (a legal word used by Shakespeare in Hamlet's great soliloquy). "The assaying of the precious metals, anciently called the 'touch,' with the marking or stamping, and the proving of the coin, at what is called the 'trial of the pix,' were privileges conferred on the Goldsmiths' Company by the statute 28 Edward I. They had for the former purpose an assay office more than 500 years ago, which is mentioned in their books. Their still retaining the same privilege makes the part of Goldsmiths' Hall, where this business is carried on, a busy scene during the hours of assaying. In the old statute all manner of vessels of gold and silver are expected to be of good and true alloy, namely, 'gold of a certain touch,' and silver of the sterling alloy; and no vessel is to depart out of the hands of the workman until it is assayed by the workers of the Goldsmiths' craft.

"The Hall mark shows where manufactured, as the Leopard's head for London. Duty mark is the head of the Sovereign, showing the duty is paid. Date mark is a letter of the alphabet, which varies every year; thus, the Goldsmiths' Company have used, from 1716 to 1755, Roman capital letters; 1756 to 1775, small Roman letters; 1776 to 1795, old English letters; 1796 to 1815, Roman capital letters, from A to U, omitting J; 1816 to 1835 small Roman letters a to u, omitting j; from 1836, old English letters. There are two qualities of gold and silver. The inferior is mostly in use. The quality marks for silver are Britannia, or the head of the reigning monarch; for gold, the lion passant, 22 or 18, which denotes that fine gold is 24-carat; 18 only 75 per cent, gold; sometimes rings are marked 22. The manufacturer's mark is the initials of the maker.

"The Company are allowed 1 per cent., and the fees for stamping are paid into the Inland Revenue Office. At Goldsmiths' Hall, in the years 1850 to 1863 inclusive, there were assayed and marked 85 22-carat watch-cases, 316,347 18-carat, 493 15-carat, 1550 12-carat, 448 9-carat, making a total of 318,923 cases, weighing 467,250 ounces 6 dwts. 18 grains. The Goldsmiths' Company append a note to this return, stating that they have no knowledge of the value of the cases assayed, except of the intrinsic value, as indicated by the weight and quality of the gold given in the return. The silver watch-cases assayed at the same establishment in the fourteen years, 1,139,704, the total weight being 2,302,192 ounces 19 dwts. In the year 1857 the largest number of cases were assayed out of the fourteen. The precise number in that year was 106,860, this being more than 10,000 above any year in the period named. In a subsequent year the number was only 77,608. A similar note with regard to value is appended to the return of silver cases as to the gold." There has been a complaint lately that the inferior jewellery is often tampered with after receiving the Hall mark.

An old book, probably Elizabethan, the "Touchstone for Goldsmith's Wares," observes, "That goldsmiths in the City and liberties, as to their particular trade, are under the Goldsmiths' Company's control, whether members or not, and ought to be of their own company, though, from mistake or design, many of them are free of others. For the wardens, being by their charters and the statutes appointed to survey, assay, and mark the silver-work, are to be chosen from members, such choice must sometimes fall upon them that are either of other trades, or not skilled in their curious art of making assays of gold and silver, and consequently unable to make a true report of the goodness thereof; or else the necessary attendance thereon is too great a burden for the wardens. Therefore they (the wardens) have appointed an assay master, called by them their deputy warden, allowing him a considerable yearly salary, and who takes an oath for the due performance of his office. They have large steel puncheons and marks of different sizes, with the leopard's-head, crowned; the lion, and a certain letter, which letter they change alphabetically every year, in order to know the year any particular work was assayed or marked, as well as the markers. These marks," he adds, "are every year new made, for the use of fresh wardens; and although the assaying is referred to the assay master, yet the touch-wardens look to the striking of the marks." To acquaint the public the better with this business of the assay, the writer of the "Touchstone" has prefixed a frontispiece to his work, intended to represent the interior of an assay office (we should suppose that of the old Goldsmiths' Hall), and makes reference by numbers to the various objects shown—as, 1. The refining furnace; 2. The test, with silver refining in it; 3. The fining bellows; 4. The man blowing or working them; 5. The test-mould; 6. A wind-hole to melt silver in, with bellows; 7. A pair of organ bellows; 8. A man melting, or boiling, or nealing silver at them; 9. A block, with a large anvil placed thereon; 10. Three men forging plate; 11. The fining and other goldsmith's tools; 12. The assay furnace; 13. The assay master making assays; 14. This man putting the assays into the fire; 15. The warden marking the plate on the anvil; 16. His officer holding his plate for the marks; and 17. Three goldsmiths' small workers at work. In the office are stated to be a sworn weigher to weigh and make entry of all silver-work brought in, and who re-weighs it to the owners when worked, reserving the ancient allowance for so doing, which is 4 grains out of every 1 lb. marked, for a re-assay yearly of all the silver works they have passed the preceding year. There are also, he says, a table, or tables, in columns, one whereof is of hardened lead, and the other of vellum or parchment (the lead columns having the worker's initials struck in them, and the other the owner's names); and the seeing that these marks are right, and plainly impressed on the gold and silver work, is one of the warden's peculiar duties. The manner of marking the assay is thus:—The assay master puts a small quantity of the silver upon trial in the fire, and then, taking it out again, he, with his exact scales that will turn with the weight of the hundredth part of a grain, computes and reports the goodness or badness of the gold and silver.

The allowance of four grains to the pound, Malcolm states to have been continued till after 1725; for gold watch-cases, from one to four, one shilling; and all above, threepence each; and in proportion for other articles of the same metal. "The assay office," he adds, "seems, however, to have been a losing concern with the Company, their receipts for six years, to 1725, being £1,615 13s. 11½d., and the payments, £2,074 3s. 8d."