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Coinage Act 1816

1816 in economicsCurrencies of the United KingdomCurrency law in the United KingdomGold in the United KingdomGold legislation
Gold standardHM TreasuryHistory of British coinageRepealed United Kingdom Acts of ParliamentUnited Kingdom Acts of Parliament 1816United Kingdom statute stubs
Coat of Arms of the United Kingdom (1816 1837)
Coat of Arms of the United Kingdom (1816 1837)

The Coinage Act 1816 (56 Geo. 3. c. 68), 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 (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.

Excerpt from the Wikipedia article Coinage Act 1816 (License: CC BY-SA 3.0, Authors, Images).

Coinage Act 1816
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A4119
CF72 8XT , Llantrisant
Wales, United Kingdom
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Coat of Arms of the United Kingdom (1816 1837)
Coat of Arms of the United Kingdom (1816 1837)
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Penychen

Penychen was a possible minor kingdom of early medieval Wales and later a cantref of the Kingdom of Morgannwg. Penychen was one of three cantrefi that made up the kingdom of Glywysing, lying between the rivers Taff and Thaw, the other two being Gwynllwg and Gorfynydd. According to tradition, these cantrefi were created on the death of Glywys (c.480 AD), the first king of Glywysing, when the kingdom was divided between his three sons: Pawl, Gwynllyw and Mechwyn. But our knowledge of the early history of the kingdom is very uncertain, being mainly sourced from medieval documents and traditional pedigrees. Pawl was the ruler of Penychen and on his death (c.540 AD) passed the cantref on to his nephew.Pawl's brother Gwynllyw was the ruler of Gwynllwg and upon his death it is said that the cantref passed to his son Cadoc (Cadwg), also known as St. Cadoc. Cadoc would later take control of Penychen, but when he was killed by the Saxons he had no heirs, and both cantrefi fell under the control of Meureg of Gwent and were absorbed into his kingdom. After the Norman conquest of South Wales, the southern parts of Penychen, on the Bristol Channel, came under the direct rule of the Norman Marcher Lords and their descendants, but the rest (the commotes of Rhondda Valley and Miskin) remained under the rule of local Welsh lords, who paid homage to the powerful Norman lords but still retained a degree of independence, which they were very ready to defend. In the Middle Ages Penychen contained two important ecclesiastical centres: the episcopal seat of Llandaf, and Llancarfan, a clas connected to the early author Caradoc of Llancarfan.