United Kingdom legislation
The Coinage Act 1816 (56 Geo. 3. c. 68), also known as the Coin Act 1816 or Liverpool's Act, defined the value of the pound sterling relative to gold. One troy pound of standard (22-carat) gold was defined as equivalent to £46 14"s" 6"d"., i.e. 44½ guineas, the guinea having been fixed in December 1717 at £1 1"s" exactly. According to its preamble, the purposes of the Act were to:
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