The flagitious trade of coining was in a most flourishing condition during the last decades of the eighteenth and the early part of the nineteenth centuries. The condition of the national coinage was at this time far from creditable to the Mint. A great part of both the silver and copper money in circulation was much worn and defaced. Imitation thus became much easier than with coins comparatively fresh and new. Hence the nefarious practice multiplied exceedingly. There were as many as forty or fifty private mints constantly at work, either in London or in the principal country towns. The process was rapid, not too laborious, and extremely profitable. A couple of hands could turn out in a week base silver coins worth nominally two or three hundred pounds. The wages of a good workman were as much as a couple of guineas a day. Much capital was invested by large dealers in the trade, who must have made enormous sums. One admitted that his transactions in seven years amounted to the production of £200,000 in counterfeit half-crowns and other silver coins. So systematic was the traffic, that orders for town and country were regularly executed by the various manufacturers. Boxes and parcels of base coin were despatched every morning by coach and wagon to all parts of the kingdom, like any other goods. The trade extended to foreign countries. The law, until it was rectified, did not provide any method of punishment for the counterfeiting of foreign money, and French louis-d'or, Spanish dollars, German florins, and Turkish sequins were shipped abroad in great quantities. The Indian possessions even did not escape, and a manufactory of spurious gold or silver pagodas was at one time most active in London, whence they were exported to the East. The number of persons employed in London as capitalists and agents for distribution alone amounted to one hundred and twenty at one time; and besides there was a strong force of skilful handicraftsmen, backed up by a whole army of "utterers" or "smashers," constantly busy in passing the base money into the currency. The latter comprised hawkers, peddlers, market-women, hackney-coach drivers, all of whom attended the markets held by the dealers in the manufactured article, and bought wholesale to distribute retail by various devices, more particularly in giving change. They obtained the goods at an advantage of about one hundred per cent. When the base money lost its veneer, the dealers were ready to repurchase it in gross, and after a repetition of the treatment, issue it afresh at the old rates.