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The numismatic chronicle and journal of the Royal ... - IndianCoins.org

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THE ELIZABETHAN COINAGES FOR IRELAND. 117martlet. 8 <strong>The</strong>y were found to be agreeablest<strong>and</strong>ard.to <strong>the</strong>Irish copper moneys in pieces <strong>of</strong> Id. <strong>and</strong> %d., amountingto 21b. 3oz. 7dwt. 18grs., were found to contain 15s. lOrf.in each pound weight <strong>and</strong> to be within <strong>the</strong> remedy.(ExcJi. Accounts, Proceedings on trials <strong>of</strong> <strong>the</strong> pyx,bdle. 3, vol. 1.)I believe that <strong>the</strong> trial <strong>of</strong> 1603 is <strong>the</strong> one knownoccasion on which a copper or brass currency wasaccorded <strong>the</strong> honour <strong>of</strong> being tested at <strong>the</strong> StarChamber in <strong>the</strong> presence <strong>of</strong> <strong>the</strong> Privy Council.<strong>The</strong> form in which <strong>the</strong> warden, Sir Thomas Knyvett,presented <strong>the</strong> figures relating to <strong>the</strong> transactions <strong>of</strong> <strong>the</strong>mint (supra) brings into sharp contrast <strong>the</strong> differencebetween <strong>the</strong> face value <strong>and</strong> <strong>the</strong> intrinsic value <strong>of</strong>Elizabeth's third issue for Irel<strong>and</strong>, which was in trutha token coinage. <strong>The</strong> so-called silver moneys wereto be current at <strong>the</strong> rate <strong>of</strong> 62s. for <strong>the</strong> pound weight,<strong>the</strong> actual cost <strong>of</strong> <strong>the</strong> metal being 16s. l^d. <strong>The</strong> poundweight <strong>of</strong> copper coins was rated at 16s. <strong>and</strong> valued at6|rf. It may, I think, be regarded as a sign <strong>of</strong> gracethat some <strong>of</strong> <strong>the</strong>se documents use <strong>the</strong> phrase "whiteIrish" instead <strong>of</strong> "silver Irish" when reference ismade to <strong>the</strong> coins which contained only 2oz. 17dwt.<strong>of</strong> silver in <strong>the</strong> pound Troy. At all events. I do notrecall an instance <strong>of</strong> such becoming c<strong>and</strong>our in any <strong>of</strong><strong>the</strong> mint accounts <strong>of</strong> <strong>the</strong> earlier Tudors who permittedsimilar debasements in <strong>the</strong>ir English or Irishcurrencies.A letter from Richard Martin, undated but pre-8In Num. Chron., 4th ser., vol. xvi, p. 105, line 1, 1 inadvertentlywrote " mullet " instead <strong>of</strong> "martlet" when speaking <strong>of</strong> this pyxtrial.

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