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An Inquiry into the Principles of Political Oeconomy (Vol. 2 of 2) / Being an essay on the science of domestic policy in free nations. In which are particularly considered population, agriculture, trade, industry, money, coin, interest, circulation, banks, exchange, public credit, and taxes cover

An Inquiry into the Principles of Political Oeconomy (Vol. 2 of 2) / Being an essay on the science of domestic policy in free nations. In which are particularly considered population, agriculture, trade, industry, money, coin, interest, circulation, banks, exchange, public credit, and taxes

Chapter 95: A TABLE of COINS,
By Sir James Steuart
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Economics

About This Book

The work develops a systematic theory of domestic political economy for free states, analyzing production, population, agriculture, trade, industry, and especially money and coin. It treats gold and silver as ordinary commodities and money of account as a relative measure; explores how coinage, seigniorage, and minting costs influence prices and the bullion market; traces links between balance of trade, exchange rates, banking, circulation, public credit, and taxation; and offers practical discussion of monetary regulation, credit institutions, and fiscal arrangements to coordinate national commerce and public finance.

FINIS.

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 Silver Coins.
    Troy. Paris. Colonia. Holland. Troy. Paris. Colonia. Holland.
  English Coins.
1 A Guinea by statute 118.651  144.46  143.65 160.45        
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  113.  137.61  136.8 152.8        
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  113.  137.61  136.8 152.8 1638.5 1995.3 1983.7 2215.7
8 A Gold Pound sterling at the same proportion of 1 to 14½  118.4  144.18  143.34 160.11 1718.7 2093. 2080.8 2324.1
9 A Pound sterling at the mean proportion in gold and in silver  115.769  140.98 140.16 156.55 1678.6 2041.2 2032.2 2269.9
10 A Shilling current = 1⁄65 of a pound troy          81.961   97.8   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 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          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 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         3402.3 4143.4 4119.2 4600.9
  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          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   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         1674. 2038.6 2026.8 2263.8
  Dutch Coins.
1 A Dutch Ducat   51.76   63.   62.67   70.        
2 A Florin in silver          148.  180.3  179.2  200.21
[The Binder is desired to place this TABLE before the Index in Vol. II. and not to cut off the Margin, but to fold it.]