If they, into whose Hands the newcoin’d Silver shall first come, should be allowed for the Intrinsick Want of it, then, in the paying it out again they must transmit the Allowance the State gives; or else the First Receivers would be Savers, and the rest Losers: But if the State must immediately give the Full Allowance, then it might as well have Coin’d to the _full Intrinsick Value_. But the _Intrinsick Value_ is lessen’d, and the _Real_ given, because the Government is better qualified at present to pay _Interest_ than _Principal_. _Therefore an_ Interest _is to be paid equivalent to the Extrinsick Value, and fully satisfactory for the Want of Intrinsick; that so the Subject may be no Loser, and the Government put to no Difficulties_. Beside, that Money would return to its Intrinsick Value, if a _Shilling_ were always to be tack’d to a _Crown_ or _Four-Shilling_ Piece; which is One of the chief things we are to avoid. _Let this Interest be_ 5 _per Cent._ and let it be look’d upon as a sufficient Interest, as it better will appear to be, when I come to answer the Objections, which may be made to this Method. _The Interest of a Million of Pounds Sterling, which is wanting to make up the Real Value of the New Coin at_ 5 per Cent. _amounts to Fifty thousand Pounds_ per Annum. _But, to Ease the Nation of half this Charge, let it be duly and carefully considered,_ _That if the present Possessor of an entire_ 100 l. _be entitled to this Interest, and not of a less Sum, every less Sum will have such a Value Real, as the Possessor of an entire_ 100 l. _can make of it, and will allow for it_. _And there will be no occasion for the Government to pay Interest for lesser Sums, because the valuation of lesser Sums will always bear that proportion which Merchants, Goldsmiths, and Bankers will receive ’em at, from the least Sum to the greatest._ If I pay in, for instance, to a Goldsmith Fifty pounds to day, and Fifty pounds to morrow, he will no more scruple to give me a Note for One hundred pounds, than if I had paid it in at once: And, if I pay my Brewer Five pounds a week, as he brings in my Drink, for twenty weeks together, he will look upon it as good Pay as if I paid him at the twenty weeks end One hundred pounds together; and if Five pounds will pass from me as the _fifth part_ of an _Hundred_, why not, by the same Rule of Proportion 20 Shillings for the _hundredth part_? That which hath the Value of Five pound _Lumbard-street_, hath the same in _Pater-Noster-Row_, and the same likewise at _Brentford_, or elsewhere: And there can be no Instance or Reason given, why Money of the like weight; Intrinsick and Extrinsick Value, should not be as passable in little Sums as in great, since there is an easie Resort, and at hand always; in which, without any distinction, they daily determine. Where an Hundred pound will be Received, there will Ninety nine, and Ninety eight, and so downwards (for, where can you stop?) to the single Penny.