Edgar the Peaceable:
Regulation of Coinage, Measures, and Price of Wool, c. 959-975
Under Edgar, called the Peaceable, who ruled A.D. 959-975, the unification of all
England was finally achieved. Among his laws cementing that unity were certain economic
enactments providing for uniformity of money, weights, and measures. The fixing of a
maxium price for wool is indicative of a tendency on the part of private individuals to
debase the coinage.
C.8. And let one money pass throughout the king's dominion; and that let no man
refuse: and let one measure and one weight pass; such as is observed at London and at
Winchester; and let the way of wool go for 130p: and let no man sell it cheaper; and if
any one sell it cheaper either publicly or privately, let each pay 40 shillings to the
king, both him who sells it, and him who buys it.
From: Benjamin Thorpe, ed., Ancient Laws and Institutes of England, (London:
Eyre & Spottiswoode, 1840), p. 269; reprinted in Roy C. Cave & Herbert H. Coulson,
eds., A Source Book for Medieval Economic History, (Milwaukee: The Bruce Publishing
Co., 1936; reprint ed., New York: Biblo & Tannen, 1965), pp. 136-137
Scanned by Jerome S. Arkenberg, Cal. State Fullerton. The text has been modernized by
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© Paul Halsall, October 1998