London (England) -- Description and travel; London (England) -- History -- 16th century -- Sources; London (England) -- Surveys
In the year 1526, the 18th of Henry VIII., the angel noble being
then the sixth part of an ounce troy, so that six angels were just
an ounce, which was forty shillings sterling, and the angel was also
worth two ounces of silver, so that six angels were worth twelve ounces
of silver, which was forty shillings. A proclamation was made on the
sixth of September, that the angel should go for seven shillings and
four pence, the royal for eleven shillings, and the crown for four
shillings and four-pence. And on the fifth of November following, again
by proclamation, the angel was enhanced to seven shillings and sixpence,
and so every ounce of gold to be forty-five shillings, and the ounce of
silver at three shillings and nine pence in value.
In the year 1544, the 35th of Henry VIII., on the 16th of May,
proclamation was made for the enhancing of gold to forty-eight
shillings, and silver to four shillings the ounce. Also the king caused
to be coined base moneys, to wit, pieces of twelve pence, six pence,
four pence, two pence, and a penny, in weight as the late sterling, in
show good silver, but inwardly copper. These pieces had whole, or broad
faces, and continued current after that rate till the 5th of Edward
VI., when they were on the 9th of July called down, the shilling to
nine pence, the groat to three pence, etc., and on the 17th of August
from nine pence to six pence, etc. And on the 30th of October was
published new coins of silver and gold to be made, a piece of silver
five shillings sterling, a piece of two shillings and five pence, of
twelve pence, of six pence, a penny with a double rose, half-penny a
single rose, and a farthing with a portclose. Coins of fine gold: a
whole sovereign of thirty shillings, an angel of ten shillings, an
angelet of five shillings. Of crown gold: a sovereign twenty shillings,
half-sovereign ten shillings, five shillings, two shillings and six
pence, and base moneys to pass as before, which continued till the 2nd
of Queen Elizabeth, then called to a lower rate, taken to the mint,
and refined, the silver whereof being coined with a new stamp of her
majesty, the dross was carried to foul highways, to heighten them. This
base money, for the time, caused the old sterling moneys to be hoarded
up, so that I have seen twenty-one shillings current given for one old
angel to gild withal. Also rents of lands and tenements, with prices of
victuals, were raised far beyond the former rates, hardly since to be
brought down. Thus much for base moneys coined and current in England
have I known. But for leather moneys, as many people have fondly talked,
I find no such matter. I read,[77] that King John of France, being taken
prisoner by Edward the Black Prince at the battle of Poictiers, paid
a ransom of three millions of florences, whereby he brought the realm
into such poverty, that many years after they used leather money, with a
little stud or nail of silver in the middle thereof. Thus much for mint
Public-domain text, read in full here on John Shaqi.
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