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<title>Definition of 'intrinsic value'</title>
<author xml:id="in"><persName key="nameid_1" sort="Newton, Isaac" ref="nameid_1" xml:base="http://www.newtonproject.sussex.ac.uk/catalogue/xml/persNames.xml">Isaac Newton</persName></author>

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<extent><hi rend="italic">c.</hi> <num n="word_count" value="105">105</num> words</extent>
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<authority>The Newton Project</authority>
<pubPlace>Oxford</pubPlace>
<date>2017</date>
<publisher>Newton Project, University of Oxford</publisher>
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<notesStmt><note type="metadataLine">1701, <hi rend="italic">c.</hi> 105 words.</note></notesStmt>
<sourceDesc><bibl type="simple" n="custodian_27" sortKey="mint_19/02/093" subtype="Manuscript">MINT 19/2/93, National Archives, Kew, Richmond, Surrey, UK</bibl>
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<idno n="MINT 19/02/093">MINT 19/2/93</idno>
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        <origDate when="1701-01-01">1701</origDate>
<origPlace>England</origPlace>
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<change when="2001-01-01" type="metadata">Catalogue information compiled by Rob Iliffe, Peter Spargo &amp; John Young</change>
<change when="2011-09-29" type="metadata">Catalogue exported to teiHeader by <name>Michael Hawkins</name></change>
    <change when="2017-03-23">Transcribed by <name>Will Scott</name></change>
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    <p xml:id="par1">These are the values put upon Gold &amp; Silver <add place="supralinear" indicator="yes">in several nation</add> by the coynage or <add place="supralinear" indicator="no"><del type="strikethrough"><gap reason="illgblDel" unit="chars" extent="3"/></del></add> s<del type="over"><gap reason="illgblDel" unit="chars" extent="1"/></del><add place="over" indicator="no">t</add>amp <choice><abbr>w<hi rend="superscript">ch</hi></abbr><expan>which</expan></choice> is <lb xml:id="l1"/>usually called the extrinsic value. Their value<add place="inline" indicator="no">s</add> <add place="supralinear" indicator="yes">in the market</add> as Bullion or merchantable com<lb xml:id="l2"/>modities <del type="cancelled">be</del> called their intrinsic values, <del type="over">is</del><add place="over" indicator="no">ar</add><add place="inline" indicator="no">e</add> a little different. F Gold eleven<del type="cancelled"><unclear reason="del" cert="medium">e</unclear></del> <lb xml:id="l3"/>ounces f<del type="over"><gap reason="illgblDel" unit="chars" extent="1"/></del><add place="over" indicator="no">i</add>ne is worth 3<hi rend="superscript"><hi rend="overline">li</hi></hi>. 19<hi rend="superscript">s</hi>. 9<hi rend="superscript">d</hi> <choice><abbr>p<hi rend="superscript">r</hi></abbr><expan>per</expan></choice> <choice><abbr>oz</abbr><expan>ounce</expan></choice> <add place="supralinear" indicator="yes">in <choice><abbr>y<hi rend="superscript">e</hi></abbr><expan>the</expan></choice> market of London</add> &amp; Silver <del type="over"><unclear reason="del" cert="low">2</unclear></del><add place="over" indicator="no">1</add>1<hi rend="superscript">oz</hi> 2<hi rend="superscript">dwt</hi> fine is <del type="strikethrough"><unclear reason="del" cert="high">wort</unclear></del> <del type="strikethrough">at p<hi rend="superscript">r</hi>sent</del> <lb xml:id="l4"/>worth <del type="over">4</del><add place="over" indicator="no">5</add><hi rend="superscript">s</hi> 7<hi rend="superscript">d</hi> <choice><abbr>p<hi rend="superscript">r</hi></abbr><expan>per</expan></choice> <choice><abbr>oz.</abbr><expan>ounce</expan></choice> or thereabouts: at <choice><abbr>w<hi rend="superscript">ch</hi></abbr><expan>which</expan></choice> rate a Guinea is worth as much silver <lb xml:id="l5"/>as <del type="strikethrough">will make</del> by <del type="over"><gap reason="illgblDel" unit="chars" extent="1"/></del><add place="over" indicator="no">c</add>oynage will make <del type="cancelled"><unclear reason="del" cert="low">3</unclear></del> 1<hi rend="superscript"><hi rend="overline">li</hi></hi>. <del type="over">2</del><add place="over" indicator="no">3</add><hi rend="superscript">s</hi>. <del type="over"><unclear reason="del" cert="high">4</unclear></del><add place="over" indicator="no">3</add><hi rend="superscript">d</hi>. <space dim="vertical" unit="lines" extent="3"/></p>
    
    
    
    <p xml:id="par2">Some proposals relating <lb xml:id="l6"/>to light gold &amp; silver</p>
    
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