Whatsoever I have read or heard on this Subject, hath brought the
Matters to this _Dilemma_, that either Coin must want of its intrinsic
Value, so as to disatisfie most of the King’s loving Subjects, and
endanger a fatal stop to Trade; or if it is to be made of near an
intrinsic Value, according to the Rate Silver shall go at in the time of
Coining, then upon every little Rise of Silver higher than that Price,
we are in danger of having it exported and melted down; and so every
Parliament may meet with the same Difficulties we at present labour
under in the badness and scarcity of Silver Coin.
That which I pretend to, is, to obviate both these Dangers, or otherwise
I confess I might have spar’d my Pains; for he who hath provided for one
and not the other, hath at the best but done _half the Work_.
There are three Terms of Value, upon the right Understanding of which,
much depends, _viz._ _Extrinsic_, _Intrinsic_, _Real_.