Coinage Act 1816
http://dbpedia.org/resource/Coinage_Act_1816 an entity of type: WikicatCurrenciesOfTheUnitedKingdom
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. 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 (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.
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Coinage Act 1816
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An Act to provide for a New Silver Coinage, and to regulate the Currency of the Gold and Silver Coin of this Realm.
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Parliament of the United Kingdom
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Repealed
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1816
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51.5542 -3.3889
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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. 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 (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.
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1816-06-22
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3110
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