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Master of the Mint is a title within the Royal Mint given to the most senior person responsible for its operation. It was an office in the governments of Scotland and England, and later Great Britain and then the United Kingdom, between the 16th and 19th centuries. Until 1699, the appointment was usually for life.
Isaac Newton, Warden of the Mint from 1696–1699. Warden of the Mint was a high-ranking position at the Royal Mint in England from 1216 to 1829. The warden was responsible for a variety of minting procedures and acted as the immediate representative of the current monarch inside the mint.
Newton's chemical and mathematical knowledge proved of great use in carrying out this Great Recoinage of 1696, a process that was completed in about two years. Newton was subsequently given the post of Master of the Mint in 1699, a post worth between £1,200 and £1,500 per annum.
The knighthood is likely to have been motivated by political considerations connected with the parliamentary election in May 1705, rather than any recognition of Newton's scientific work or services as Master of the Mint. [121] Newton was the second scientist to be knighted, after Francis Bacon. [122]
Conduitt took an active interest in the running of Isaac Newton's office of Master of the Mint in the latter years of Newton's life, and after Newton's death in March 1727 Conduitt succeeded him to the post. [1] Isaac Newton having died intestate, Conduitt was appointed by Newton's heirs to serve as executor of Newton's estate.
Isaac Newton; S. John Hamilton, 3rd Earl of Selkirk; John Shaa; Richard Lalor Sheil; Henry Slingsby (Master of the Mint) John Smyth (1748–1811) Lord Charles Spencer; T.
At the start of the reign of George I, in 1714, the English penny had been struck from silver for about a thousand years. The Hanoverian dynasty in Britain began during the time that Sir Isaac Newton was Master of the Mint. [1]
Under the supervision of moneyers from the Tower Mint in London, a weight of 103,346 Troy pounds in crowns, half-crowns, shillings, and sixpences were minted at the Edinburgh Mint with a value of £320,372 12s, [22] equivalent to US$20.5 million (£17.1 million) at 2017 average silver prices and exchange rates. [23] [24]