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Mar 4 1811
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Whereas the experience of later years has proved to us that the increased energies of Trade have extended themselves to the precious metals & that the prices of gold & silver, formerly liable to little alterations in price even from year to year century to century, have of late fluctuated as much as rapidly as those of other articles of commerce, & whereas by reason of this fluctuation of price the precious metals have become wholly unfit to serve the purposes of money circulating at a fixed & certain value, as they have done for many centuries past, and as a large proportion of the gold coin of the Realm has already disappeared, owing to the market price of gold having risen much higher than the rate at which that metal is estimated in H.M. Mint, & as the price of silver has now risen so high that the silver dollar tokens issued by the Bank of England are already worth more as bullion than the rate at which they were delivered into circulation.
And whereas the holders of these silver tokens are not precluded by law from disposing of them as bullion for the best price they can obtain in the bullion markets, now in great activity, it has been judged expedient, in order to ward off the manifold inconveniences that must ensue, should they be withdrawn from circulation, to assign to the holders of