Act of Parliament | |
Long title | An Act to provide for a New Silver Coinage, and to regulate the Currency of the Gold and Silver Coin of this Realm. |
---|---|
Citation | 56 Geo. 3. c. 68 |
Territorial extent | United Kingdom of Great Britain and Ireland |
Dates | |
Royal assent | 22 June 1816 |
Other legislation | |
Repealed by | Coinage Act 1870 |
Status: Repealed | |
Text of statute as originally enacted |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:
51°33′15″N 3°23′20″W / 51.5542°N 3.3889°W
Act of Parliament | |
Long title | An Act to provide for a New Silver Coinage, and to regulate the Currency of the Gold and Silver Coin of this Realm. |
---|---|
Citation | 56 Geo. 3. c. 68 |
Territorial extent | United Kingdom of Great Britain and Ireland |
Dates | |
Royal assent | 22 June 1816 |
Other legislation | |
Repealed by | Coinage Act 1870 |
Status: Repealed | |
Text of statute as originally enacted |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:
51°33′15″N 3°23′20″W / 51.5542°N 3.3889°W