Please ensure Javascript is enabled for purposes of website accessibility
(800) 937-3880
SELL

Lot #292
Isaac Newton

Master of the Mint Isaac Newton receives funds for the “Coynage of Copper Half pence and farthings,” introduced in 1717

This lot has closed

Estimate: $0+
Sell a Similar Item?
Share:  

Description

Master of the Mint Isaac Newton receives funds for the “Coynage of Copper Half pence and farthings,” introduced in 1717

Manuscript DS, signed “Is. Newton,” one page both sides, 9.25 x 14.5, August 14, 1717. Official document concerning the financing of the mint. In part: “In pursuance of a Warrant…That You Deliver and Pay of such his Ma’s Treasure as remains in your charge unto Sir Isaac Newton Kn’t Master and Worker of his Ma’s Mint or to his Assignees the Sum of five hundred Pounds…and upon account towards defraying the charge which the Coynage of Copper Half pence and farthings at the said Mint shall require to begin and carry on the same.” Signed on the front by several officials to approve the document and signed on the reverse by Newton to confirm receipt of the funds on September 4, 1717. A period docketing notation on the reverse of the second integral page also identifies Newton as the recipient. Intersecting folds with small repairs to edge separations, scattered foxing and soiling, and some show-through from writing to opposing sides, otherwise fine condition.

On the recommendation of his friend Charles Montagu, Chancellor of the Exchequer, Newton was appointed Warden of the Mint in 1696 and undertook the office of Master of the Mint the next year, a position he would hold for the last 30 years of his life. During the late 1690s so many copper halfpence and farthings were minted that they did not need to be produced under Queen Anne, whose reign lasted from 1701 to 1714. Responding to the inevitable shortage by the year of the present document, King George I issued a royal warrant in 1717 to introduce new copper coinage. Newton oversaw the production of the coins, which weighed the same as those previously struck but were smaller in diameter and thicker than the earlier issues; this allowed a deeper strike for finer relief. These halfpence were minted for just two years and returned to the larger size in 1719, when they were also slightly reduced in weight due to the rising cost of copper. Any autographic material from Newton is exceedingly rare, with this being an especially remarkable example given its important numismatic content. Pre-certified PSA/DNA.

Auction Info

  • Auction Title: Fine Autographs and Artifacts
  • Dates: #458 - Ended August 12, 2015





This item is Pre-Certified by PSA/DNA
Buy a third-party letter of authenticity for $150.00

*This item has been pre-certified by a trusted third-party authentication service, and by placing a bid on this item, you agree to accept the opinion of this authentication service. If you wish to have an opinion rendered by a different authenticator of your choosing, you must do so prior to your placing of any bid. RR Auction is not responsible for differing opinions submitted 30 days after the date of the sale.