Now concerning halfpence and farthings, the account of which is more subtle than the pence, I need not speak of them more than that they were only made in the Exchange at London, and nowhere else: first appointed to be made by Edward I. in the 8th of his reign; and also at the same time the said king coined some few groats of silver, but they were not usual. The king’s Exchange as London was near unto the cathedral church of St. Paul, and is to this day commonly called the Old Change, but in evidences the Old Exchange. The king’s exchanger in this place was to deliver out to every other exchanger throughout England, or other the king’s dominions, their coining irons, that is to say, one standard or staple, and two trussels or puncheons; and when the same was spent and worn, to receive them with an account what sum had been coined, and also their pix or bore of assay, and deliver other irons new graven, etc. I find that in the 9th of King John, there was besides the mint at London, other mints at Winchester, Excester, Chichester, Canterburie, Rochester, Ipswich, Norwich, Linne, Lincolne, York, Carleil, Northampton, Oxford, St. Edmondsbury, and Durham. The exchanger, examiner, and trier, buyeth the silver for coinage, answering for every hundred pounds of silver bought in bullion or otherwise, ninety-eight pounds fifteen shillings, for he taketh twenty-five shillings for coinage. King Edward I., in the 27th of his reign, held a parliament at Stebenheth, in the house of Henry Waleis, mayor of London, wherein amongst other things there handled, the transporting of sterling money was forbidden. In the year 1351, William Edington, bishop of Winchester, and treasurer of England, a wise man, but loving the king’s commodity more than the wealth of the whole realm, and common people (saith mine author[76]) caused a new coin, called a groat, and a half-groat, to be coined and stamped, the groat to be taken for four pence, and the half-groat for two pence, not containing in weight according to the pence called easterlings, but much less, to wit, by five shillings in the pound; by reason whereof, victuals and merchandises became the dearer through the whole realm. About the same time also, the old coin of gold was changed into a new; but the old florin or noble, then so called, was worth much above the taxed rate of the new, and therefore the merchants engrossed up the old, and conveyed them out of the realm, to the great loss of the kingdom. Wherefore a remedy was provided by changing of the stamp. In the year 1411, King Henry IV. caused a new coin of nobles to be made, of less value than the old by four pence in the noble, so that fifty nobles should be a pound troy weight.