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Coinage Act 1816
The Coinage Act 1816 (56 Geo. III c.68), also known as Liverpool's Act, defined the value of the pound sterling relative to gold but of an unchanged monetary standard for gold. One troy pound of standard (22-carat) gold was defined as equivalent to £46 14''s'' 6''d''., i.e. , the guinea having been fixed in December 1717 at 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, rather than per troy pound), for transactions larger than 40''s''
* establish a single gold standard for transactions of all sizes.
==See also==
* Great Recoinage of 1816
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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