Wheatley, John, An essay on the theory of money and principles of commerce

(London :  Printed for T. Cadell and W. Davies, by W. Bulmer and Co.,  1807-1822.)

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115

difference. But care should be taken that the new coins chapter
should not be denominated guinea-and-a-half pieces,
is, 6d. pieces, gd. pieces, and ^ pieces, as it would
convert the guinea, the shilling, and the halfpenny in
the same manner as the pound into a money of account,
and render our payments more complex. Not only in¬
deed would it be impolitic to reduce the shilling in any
future amelioration of the state of the coin to an ideal
money, but it would be impolitic not to lower the guinea
to a pound, according to its original designation, by a
proportionate reduction of the quantity of its gold, in
order that our payments may be still further simplified
by converting the nominal into real money.

By this augmentation of the substance of our money,
an edition of coins would be published of far greater ex¬
cellence and beauty than the present division of the pound
weight of gold into 44 guineas and a half, and the pound
weight of silver into 62s. will allow.
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