Citation | 56 Geo. III c.68 |
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Territorial extent | United Kingdom of Great Britain and Ireland |
Status: Repealed
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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:
Coordinates: 51°33′15″N 3°23′20″W / 51.5542°N 3.3889°W