The Coinage Act 1816 (56 Geo.

3. c. 68), also known as the Coin Act 1816 or Liverpool's Act,[1] defined the value of the pound sterling relative to gold.

One troy pound of standard (22-carat) gold was defined as equivalent to £46 14s 6d.,[2] i.e. 44½ guineas, the guinea having been fixed in December 1717 at £1 1s exactly.

According to its preamble, the purposes of the Act were to:

This legislation in the United Kingdom, or its constituent jurisdictions, article is a stub.