11th Congress.
No. 318
2d Session.

MINT.

Communicated to the House of Representatives, March 16, 1810.

Treasury Department, March 15, 1810.

Sir:

I have the honor to transmit, herewith, a letter from the Comptroller of the Treasury, accompanied with sundry statements, which have been prepared in obedience to the act, entitled “An act establishing a mint, and regulating the coins of the United States,” passed on the 2d of April, 1792.

I have the honor to be, very respectfully, sir, your obedient servant,

ALBERT GALLATIN.

The Honorable the Speaker of the House of Representatives.

Treasury Department, Comptroller’s Office, March 14, 1810.

Sir:

The statements herewith, marked A, B, and C, have been prepared pursuant to the seventh section of an act of Congress, passed 2d of April, 1792, entitled “An act establishing a mint, and regulating the coins of the United States.” They contain all the information relative to the transactions of the mint, which the settlements made at the treasury enable me to give.

I have the honor to be, sir, with great respect, your obedient servant,

G. DUVALL.

Albert Gallatin, Esq.

A.

Statement exhibiting the balance of Gold and Silver remaining in the hands of the officers of the Mint on the 31st December, 1808; the amount of deposites from 1st January to 31st December, 1809; the different species of Coins made and paid on account of deposites; allowance for wastage, and the balance remaining in the hands of the officers of the Mint, on the said 31st December, 1809; to be accounted for on a future settlement.

Ounces. Dwt. Gr. Dollars. Cts. M.
Balance of gold bullion, &c. remaining in the hands of the officers of the mint December 31, 1808, 124 07 18 2,209 86 5
Gold bullion deposited from 1st January to 31st December, 1809, 12,149 10 06 215,991 45 5
---------------- ------------------
12,273 18 06 218,201 32 0
============ ============
Amount paid for deposites of gold from the 1st January to the 31st December, 1809, 171,417 00 5
Add gold coins in the hands of the treasurer of the mint, 31st December 1809, 21,576 71 5
------------------
192,993 72 0
Deduct this sum, being a balance of gold coins in the Bank of the United States on 31st December, 1808, 23,618 72 0
------------------
169,375 00 0
============
Gold coins made at the mint from 1st January to 31st December, 1809, viz: Half eagles, 33,875. Weight and value, 9,527 06 21 169,375 00 0
Gold bullion in the hands of the officers of the mint on 31st December, 1809, 2,712 09 06 48,219 99 0
Profit and loss for this sum, allowed for wastage in the coinage of gold in the year 1809, 34 02 03 606 33 0
---------------- ------------------
As above, 12,273 18 06 218,201 32 0
============ ============
Balance of silver bullion, &c. remaining in the hands of the officers of the mint on 31st December, 1808, 192,023 15 06 221,565 06 0
Silver bullion deposited from 1st January to 31st December, 1809, 473,891 02 00 546,797 30 5
---------------- ------------------
665,914 17 06 768,362 36 5
============ ============
Amount paid for deposites of silver from 1st January to 31st December, 1809, 692,089 40 5
Add silver coins in the hands of the treasurer of the mint on the 31st December, 1809, 26,978 50 0
------------------
719,067 90 5
Deduct this sum, being a balance of silver coins in the Bank United States on 31st December, 1808, 11,691 90 5
------------------
707,376 00 0
============
Silver coins made at the mint from 1st January to 31st December, 1809, viz: Half dollars 1,405,810. Dimes, 44,710. Weight and value, 613,054 04 00 707,376 00 0
Silver bullion in the hands of the officers of the mint on the 31st December, 1809, 50,762 17 23 58,565 87 0
Profit and loss for this sum, allowed for wastage in the coinage of silver in the year 1809, 2,097 15 07 2,420 49 5
---------------- ------------------
As above, 665,914 17 06  768,362 36 5
============ ============

Comptroller’s Office, February 28, 1810.

ANDREW ROSS, Clerk.

B.

The Mint of the United States, in account of Copper purchased and coined from the commencement of the Institution, to the 31st December, 1809.

Dr. Cr.

Avoirdupois
weight.		 Troy weight.
Cost of
copper.
  lbs. oz. dms.   lbs. oz. grs. Dolls. Cts. M.
To amount of rough copper and copper planchettes purchased from the commencement of the institution, to the 31st December, 1808, per statement marked B, accompanying the Comptroller’s letter of 1st March, 1809, 768,889 2 2 213,632 71 0
To copper coinage for this sum, being the loss on the purchase of a bill of exchange on London, above par, 300 67 0
To amount of copper planchettes fit for striking, purchased in the quarter ending 31st December, 1809, 44,800 0 0 354,444 5 0 15,589 84 0
Balance, being the amount gained on the coinage of the copper since the establishment, 37,331 52 5
Troy weight. Value of copper at the rate of 7 dwts. to a cent.
lbs.  oz. dwt. Dolls. Cts. M.
By amount of rough copper and copper planchettes, accounted for from the commencement of the institution to the 31st December, 1808, per statement marked B, accompanying the Comptroller’s letter of the 1st March, 1809, 732,373 10 18 237,115 23 0
By amount of cents and half cents charged by the treasurer of the mint, as delivered to the Treasurer of the United States, during the year 1809, viz:
Cents.    Half Cts.
  In the 1st quarter,     48,500 20,930 equal to $589 65
2d do. 161,367   286,572 do. 3,046 53
3d do. 176,000 do. 880 00
4th do. 239,500 102,000 do. 3,620 00
23,730 06 06 8,136 18 0
Balance, remaining on the 31st December, 1809, viz:
In the hands of the treasurer of the mint, say, cents, 73,000, and half cents, 508,000, 9,552 01 0 3,275 00 0
In the hands of the chief coiner, copper planchettes fit for striking, 53,457 07 13 18,328 33 05
Profit and loss for this quantity of copper, unaccounted for, 4,219 05 11
823,333 7 8    266,854 74 5
823,333  7  8         266,854 74 5

Comptroller’s Office, March 1, 1810.

ANDREW ROSS, Clerk..

C.

Summary Statement exhibiting the value of coins made at the mint; the amount of disbursements on account of the establishment; the amount allowed for wastage; the amount retained of deposites; and the amount gained on the coinage of copper, from the commencement of the institution to the 31st December, 1809.

Value of gold, silver, and copper coins made at the mint, to 31st December, 1808, $7,461,259 03
Do. of gold coins made from 1st January, to 31st December, per account herewith, marked A, $169,375 00
Do. of silver coins made from 1st January to 31st December, per said account, herewith, 707,376 00
Do. of copper coins made from 1st January to 31st December, per account herewith, marked B, 8,136 18
884,887 18
Total value of gold, silver, and copper coins, $8,346,146 21
Nett charge on the coinage of gold, silver, and copper, to the 31st December, 1808, per account rendered, 328,809 10.5
Add amount gained on the coinage of copper, to the same period, 34,705 79
363,514 89.5
From the above, deduct amount wastage on gold and silver coinage to the same period, viz. $28,572 28.5
To the above add the amount retained from deposites, 3,745 50
24,826 78.5
[338,688 11
Add amount disbursed, on account of the establishment, from the 1st January to 31st December, 1809, 20,998 91
Add, also, amount of wastage on gold and silver to the 31st December, 1808, 28,572 28.5
      Do.      from 1st January to 31st December, 1809, 3,026 82.5
31,599 11
From the above deduct amount retained from deposites, to 31st December, 1808, $3,745 50
Also, amount retained from 1st January to 31st December, 1809, 126 33.5
3,871 83.5
27,727 27.5
387,414 29.5
Deduct amount gained on the coinage of copper, from the commencement of the institution to the 31st December, 1809, per statement herewith, marked B, 37,331 52.5
Nett amount chargeable to the coinage of gold, silver, and copper, from the commencement of the institution to the 31st December, 1809, including the cost of lots, buildings, machinery, &c. $350,082 77

Comptroller’s Office, March 3, 1810.

ANDREW ROSS, Clerk.