He promulgated laws about the year 928, appointing a large number of " moneyers " or " mynteres," London being assigned eight, Canterbury seven, other important towns various numbers and all smaller boroughs one moneyer each.
The moneyers, who were elected by the burgesses, were responsible for the manufacture of the coin, and according to Madox were liable at the time of Henry II.
6 If there was any deficiency in the weight of the fineness of the coin the moneyers were punished as traitors.
The moneyers continued to manufacture the coin of the realm until the year 1850, when the work was entrusted to civil servants.
Saxon moneyers pound, or Tower pound, 5400 grains, abolished in 1527.