The History of Currency, 1252 to 1896Shaw, William Arthur
History
The History of Currency, 1252 to 1896
Shaw, William Arthur
Money -- History
In 1749, however, the Mint officials felicitated themselves on the
non-adoption of this proposal, and prayed that the ducat should be
merely declared trade money (26th March 1749); and it was on this advice
that the plakkaat of 31st March 1749 passed. It proved insufficient to
prevent the export of silver, and on the 1st August following, the
States-General issued an order creating the gold rijder provisionally
the standard. The right of coining it was reserved to the State, so that
there was no standard in the modern sense.
The influence of this measure proved to be very slight, and 172
merchants of Amsterdam petitioned the States-General to declare the
tenderableness of the ducat again. The result of a further communication
from the Mint officials was the proclamation and ordinance of 1st May
1750, according to which only the gold rijder and half-rijder were
declared standard, and all other gold species only trade money.
Gradually, however, what the Government had been unable to effect by
legislation was accomplished by the mere force of a rise in gold or fall
in silver. The gold rijders began to disappear, the complaints as to the
disappearance of silver ceased, and the regulations of 1749 and 1750
were superseded. At the time of the French Revolution, therefore, the
silver standard was actually in force. Nominally the gold rijder was
still legal tender at 14 florins, but actually few specimens of it were
in circulation.
In 1798 the establishment of the Batavian Republic necessitated the
creation of a Batavian Mint, and on the 12th February 1800 the First
Chamber was called upon to consider the coins.
It was not, however, until the year 1806, after the Republic had been
superseded by the imposition of Louis Napoleon as King of Holland, that
an effectual system was enunciated. By the resolution of 15th December
1806, a double standard was adopted.
GOLD STANDARD COINS.
_Gold Penning_ of 20 francs, 18 to the mark.
Alloy, 22 carats gold, 16 grs. silver.
Weight, 8 engels 28-4/9 azen.
Content of fine gold, 260-3/4 azen.
STANDARD SILVER COINS.
_Fifty-stuiver piece_--9-5953/17543 to the mark.
Weight, 17 engels 4-7/32 azens.
Standard, 10 pen. 22-3/4 grs.
_Gulden_--23-6111/17543 to the mark.
Weight, 6 engels 27-23/80 azens.
With the annihilation of the Napoleonic structure this scheme perished,
and the law of 28th September 1816 erected a system in which elements of
both those previously existing were combined.
The coinage was prescribed to consist of gold and silver standard
pieces, and gold and silver trade pieces.
The standard coins were--
1. _The Silver Gulden_--
Weight = 7 engels (= 10.766 grms.).
Content of fine silver = 200 azen (= 9.613 grms.).
Standard = .893.
This was to be the unit, and divided decimally.
2. The gold piece of 10 _Gulden_ .900 fine.
Weight 140 azen (6.729 grms.).
TRADE COINS.
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