Medieval Sourcebook:
Henry I of England:
Monetary Regulations, 1108
Beginning with the reign of Henry I, who realized the great advantages of a sound
and plentiful supply of money, and continuing with that of Henry II, English money reached
a higher level of perfection which was maintained until the time of Henry III.
Flor. Wig. ii. 57. Henry, King of the English, established a lasting peace and
decreed such a law that if any one were taken in theft or robbery, he was hanged. He also
decreed that false and bad money should be amended, so that he who was caught passing bad
denarii should not escape by redeeming himself but should lose his eyes and members. And
since denarii were often picked out, bent, broken, and refused, he decreed that no
denarius or obol, which he said were to be round, or even a quadrans, if it were whole,
should be refused. By reason of this he did much good throughout the whole kingdom,
because he did these things to relieve the land of its troubles forever.
Source.
From: William Stubbs, ed., Select Charters of English Constitutional History, H.
W. C. Davis, rev. ed., (Oxford: Clarendon Press, 19I3), p. 113; 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.
138-139.
Scanned by Jerome S. Arkenberg, Cal. State Fullerton. The text has been modernized by
Prof. Arkenberg.
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© Paul Halsall, October 1998
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