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Kolbe & Fanning
Auction 160  22 May 2021
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Lot 260

Starting price: 170 USD
Price realized: 225 USD
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The Recoinage of William of Orange
Lowndes, William [anonymous]. A REPORT CONTAINING AN ESSAY FOR THE AMENDMENT OF THE SILVER COINS. London: Printed by Charles Bill, and the Executrix of Thomas Newcomb, deceas'd; Printers to the Kings most Excellent Majesty, 1695. 8vo, modern brown quarter calf in antique style, decorated in blind with marbled sides; spine ruled in gilt, burgundy spine label lettered in gilt. 159, (1) pages; woodcut decorations; text table. Margins of title page and three other leaves professionally repaired. An attractive copy; very good or better. The first and only edition. Quite scarce. Lowndes's Report was a major contribution to the controversy surrounding the recoinage under William III, the principal protagonists being Lowndes, then Secretary to the Treasury, and John Locke. In this work, Lowndes reviews the expedients of former reigns, urges a recoinage, and suggests a change in the standard by raising the nominal value of all coins by 25%. Dekesel L135. Goldsmith 3131. Hirsch 78. Kress 1908. Lipsius 235. Manville 52 (quoting William Nicolson's English Historical Library as follows: "Mr. Lowndes has written in so peculiar & instructive a manner, that our Historians may learn better, by his little Book, how to distinguish and value the Coins of our several Kings, than from all the Volumes of our English Antiquaries.") Soetbeer 27. Wing L. 3323.
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