11th Congress.
No. 335
3d Session.


Communicated to the House of Representatives, January 11, 1811.

The Secretary of the Treasury, in obedience to the resolution of the House of Representatives of the 2d instant, respectfully reports:

That the whole expense of the Mint of the United States, since its first establishment to the end of the year 1809, has amounted, as will appear by the annexed statement, marked A, to $387,414 24
That the profits of the copper coinage, have, during the same period, amounted to 37,331 52
  As will appear by reference to the statement marked B, transmitted to Congress on the 15th day of March, 1810, [see No. 318,] together with the annual report of the Comptroller on that subject.

Leaving for the nett expense of the Mint, 350,082 77

That the gold coined at the mint, during the same period, amounts in value, to $3,763,597 50
The silver coined during the same period, to 4,370,846 50
And the copper coined curing the same period, and paid into the Treasury, to 211,702 21

Making, altogether, in value, $8,346,146 21

As will appear by the above mentioned statement A.

And that there are no documents in the Treasury by which the actual rate per cent. of expense in refining gold bullion below the standard fineness, can be ascertained; the deduction authorized in that case by the 5th section of the act of the 3d of March, 1795 being the only item which is stated in the accounts rendered by the officers of the mint, and its not being known whether that deduction is equal to the actual expense incurred.

It may not be improper to observe, 1st, that in the official statements of the profits on copper coinage, that coinage is not charged with any portion of the general expenses of the mint; and that although this cannot be correctly stated, it is evident, from a comparative view of the number of pieces coined at the mint, that it must exceed the whole amount stated as the nominal profit on that coinage. 2d. That the first cost of buildings and apparatus, being a charge on the whole coinage, and that of the precious metals having considerably increased, the rate per cent. of expense on the whole coinage has diminished, and continues every year to diminish.

All which is respectfully submitted.


Treasury Department, January 10, 1811.


A Statement of the whole expense of the Mint of the United States, from its institution to the 31st December, 1809.

Period. Salaries of
Cost of lots,
wages of
repairs, &c.
allowed on
gold and
From the commencement to the 31st December, 1801,      $88,887 21  115,402 99  10,958 69  215,248 89
1st January, 1802, to 31st December, 1809, 84,800 00 68,343 42 19,021 98 172,165 40

173,687 21 183,746 41 29,980 67 387,414 29

   Species of Coins struck.    Number. Value. Value of coins
struck from
each metal.
Gold—Eagles,  132,592  1,325,920 00
Gold—Half Eagles, 476,437 2,382,185 00
Gold—Quarter Eagles, 22,197 55,492 50

3,763,597 50
Silver—Dollars, 1,439,517 1,439,517 00
Silver—Half Dollars, 5,452,759 2,726,379 50
Silver—Quarter Dollars, 561,045 140,261 25
Silver—Dimes, 514,116 51,411 60
Silver—Half Dimes, 265,543 13,277 15

4,370,846 50
Copper—Cents, 18,958,035 1,89,580 35
Copper—Half Cents, 4,616,373 23,081 86

212,662 21
Of which there has been paid into the Treasury 211,702 21

8,346,146 21