Coinage Act 1816

United Kingdom legislation
Act of Parliament
Long titleAn Act to provide for a New Silver Coinage, and to regulate the Currency of the Gold and Silver Coin of this Realm.
Citation56 Geo. 3. c. 68
Territorial extent United Kingdom of Great Britain and Ireland
Dates
Royal assent22 June 1816
Other legislation
Repealed byCoinage Act 1870
Status: Repealed
Text of statute as originally enacted

The Coinage Act 1816 (56 Geo. 3. c. 68), also known as the Coin Act 1816 or Liverpool's Act,[1] defined the value of the pound sterling relative to gold. One troy pound of standard (22-carat) gold was defined as equivalent to £46 14s 6d.,[2] i.e. 44½ guineas, the guinea having been fixed in December 1717 at £1 1s exactly. According to its preamble, the purposes of the Act were to:

  • prohibit the use of silver coins (which would now be of reduced weight, 66 shillings rather than 62 shillings per troy pound), for transactions larger than 40s
  • establish a single gold standard for transactions of all sizes.[3]

See also

  • Great Recoinage of 1816

References

  1. ^ Sargent, Thomas J. (2002). The Big Problem of Small Change. Princeton University Press. p. 303.
  2. ^ Lisle, George (1906). "British Currency: Gold". Accounting in Theory and Practice. William Green & Sons. p. 277.
  3. ^ Scott, William Amasa (1903). "XV.2: Currency Reform in England and the Act of 1816". Money and Banking. Henry Holt and Company.

External links

  • Text as originally enacted
  • The Royal Mint - official website
  • The Royal Mint - official blog Archived 18 September 2012 at the Wayback Machine
  • v
  • t
  • e
Pre-parliamentary legislation
Acts of parliaments of states preceding
the Kingdom of Great Britain
Parliament of England
Parliament of Scotland
Acts of Parliament of the
Kingdom of Great BritainActs of the Parliament of IrelandActs of Parliament of the United Kingdom of
Great Britain and Ireland and the United
Kingdom of Great Britain and Northern Ireland
relating to the European Union (formerly European Communities)
Church of England measures
  • List
  • Church of England Assembly (Powers) Act 1919
Legislation of devolved institutionsOrders in Council
for Northern Ireland
Secondary legislation
  • v
  • t
  • e
Headquarters: 1, Horse Guards Road
Ministers
Civil Service
Non-ministerial departments
Executive agencies
Executive non-departmental
public bodies
Other bodies
Topics
Offices in italics are not currently in use
* Sinecure offices nominally associated with the Treasury de facto held by Government Whips
Authority control databases: People Edit this at Wikidata
  • UK Parliament

51°33′15″N 3°23′20″W / 51.5542°N 3.3889°W / 51.5542; -3.3889


Stub icon

This legislation in the United Kingdom, or its constituent jurisdictions, article is a stub. You can help Wikipedia by expanding it.

  • v
  • t
  • e