Coinage Act 1816
id:
coinage-act-1816-194-10818053
title:
Coinage Act 1816
text:
The Coinage Act 1816, also known as the Coin Act 1816 or Liverpool's Act, 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., 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, for transactions larger than 40s
establish a single gold standard for transactions of all sizes.
brand slug:
wiki
category slug:
encyclopedia
description:
United Kingdom legislation
original url:
https://en.wikipedia.org/wiki/Coinage_Act_1816
date created:
date modified:
2024-02-04T16:29:23Z
main entity:
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image:
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fields total:
13
integrity:
15