ABSTRACT
This chapter analyses the construction of the various systems of metallic money which have existed, or do exist, or which might be conceived to exist. It introduces the order in which it have enumerated the principal systems of metallic money, is not only the logical order, but it is the historical order in which the systems have, for the most part. Lord Liverpool, having in his thorough investigation of the subject of metallic money observed the superior convenience of the composite legal tender to the double legal tender, advocated its adoption in England in the most conclusive manner. The system of currency naturally adopted by the first coiners of money was that of a single legal tender. Coins of one kind of metal, or even a single series of coins of uniform weight, were at first thought sufficient. A single metal currency has the great advantages of simplicity and certainty.
