Old times : $b A picture of social life at the end of the eighteenth centuryAshton, John
History
Old times : $b A picture of social life at the end of the eighteenth century
Ashton, John
Great Britain -- Social life and customs
"A very serious inconvenience has occurred to many people, from
the multiplicity of forgeries in the stamps on the dollars,
which, from being issued by the Bank, at a price so far above
their real value, has tempted the coiners to forge the Mint
Stamp, which it is impossible for a common observer to detect.
Since their first issue, many chests of dollars have been
imported into this country, for the sole purpose of forging the
stamp. As they are circulated at 4s. 9d., and their value is only
4s. 2d., it has afforded too great a temptation to be resisted.
Besides the vast number of copper dollars coined, it is supposed
that more than half of those in circulation, are counterfeited in
the stamp, though the dollars are good. When taken to the Bank
they are refused, which has caused a deal of ill
humour."--(_Times, Sept. 4, 1797._)
* * * * *
"In consequence of the great quantity of bad Dollars, in
circulation, the Bank Directors gave notice, in the Gazette of
last night; that they mean to issue Gold coin, to the amount of
the Dollars now in circulation, and which have been stamped at
the Tower."--(_Times, Sept. 27, 1797._)
* * * * *
"The Dollars having been taken out of circulation, there is now
such a scarcity of silver, as to impede the ordinary negotiation
of business very materially. It would be a public convenience if
the new 7s. gold coin was put in circulation."--(_Times, Oct. 5,
1797._)
* * * * *
"The new gold coinage of seven shilling pieces is to be issued
from the Bank, this day."--(_Times, Dec. 1, 1797._)
Up to this time forgeries of Bank of England notes had been very rare.
"Last week a man was apprehended at Manchester, on a charge of
forging Bank of England notes. On searching his house, was found
a plate, with a one pound note engraved, on one side of it, and a
two pound note, on the other; together with a number of notes
just struck off, but not filled up. On his examination he
confessed the fact, and thereby impeached his brother, who, he
said, was then in Yorkshire: and acknowledged that they had
practised it about six months, during which time they had
disposed of about 200."--(_Times, March 30, 1798._)
* * * * *
"A small delivery of Mr. Boulton's 2d. pieces, was, on Friday,
made at the Treasury; the likeness of the King is much better
executed than in the 1d. pieces: they are full twice their
thickness, weighing rather better than two ounces
each."--(_Times, Feby. 12, 1798._)
* * * * *
Public-domain text, read in full here on John Shaqi.
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