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The most illustrious holder of the office of Warden of the Mint was Isaac Newton , who was warranted to this position on the recommendation of his friend, Montagu , Chancellor Of The Exchequer in 1696 . In 1699 however, Newton undertook the office of Master, which was far more lucrative, as well as potentially more technically challenging. Later the office of Master was subsumed by that of the Chancellor Of The Exchequer ; the evolution of that of Warden is less clear. It is also unclear whether Newton was allowed to hold both offices at the same time.


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