17th Congress.
No. 676
2d Session.

MINT.

Communicated to the House of Representatives, February 27, 1823.

Treasury Department, February 27, 1823.

Sir: I have the honor to transmit, herewith, three statements, marked A, B, C, which have been prepared by the Comptroller of the Treasury pursuant to the seventh section of an act of Congress passed on the 2d of March, 1793, 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 afford.

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

WM. H. CRAWFORD.

The Honorable the Speaker of the House of Representatives.


A.

Statement exhibiting the balance of the gold and silver bullion remaining in the hands of the officers of the Mint on the 31st December, 1821; the amount deposited from January 1 to December 31, 1822; the different species of coins made and paid on account of deposits; allowances for wastage; and the balance remaining in the hands of the officers of the Mint on the 31st December, 1822, to be accounted for on a future settlement, viz:

GOLD.
Oz. Dwts. Grs. Dolls. Cts. Mills.
Balance of gold bullion remaining in the hands of the officers of the Mint on the 31st December, 1821 1,113  11  8 19,791 71 5
Gold bullion deposited from January 1 to December 31, 1822 5,182 13 18 92,136 46 5
Amount deposited in the Bank of the United States on the 31st  

Total, 6,296 5 2 111,928 18 0


Amount paid for deposits of gold from January 1 to December 31, 1822 78,346 6 5
Amount deposited in the Bank of the United States on the 31st December, 1822 61 5
Balance in the hands of the Treasurer of the Mint on the 31st December, 1822 10,833 49 5

89,180 17 5
Deduct as follows: Amount in the hands of the Treasurer and in the Bank of the United States on the 31st December, 1821 200 17 5

88,980 00 0

Gold coins made at the Mint from January 1 to December 31, 1822, 17,796 half-eagles 88,980 00 0
Allowances to the melter and refiner and chief coiner for wastage for same period 292 22 0
Gold bullion in the hands of the officers of the Mint on the 31st December, 1822 22,655 96 0

As above, 111,928 18 0

SILVER.
Balance of silver bullion remaining in the hands of the officers of the Mint on the 31st December, 1821 18,561 6 12 21,418 47 5
Silver bullion deposited from January 1 to December 31, 1822, 716,722 17 0 826,989 82 0


Total, 735,284 3 12 848,408 29 5


Amount paid for deposits of silver from January 1 to December 31, 1822 806,144 88 5
Amount deposited in the Bank of the United States on the 31st December, 1822 461 97 0
Add silver coins in the hands of the Treasurer of the Mint on the 31st December, 1822 19 5

806,607 5 0
Deduct this sum, being a balance of silver coins in the hands of the Treasurer of the Mint on the 31st December, 1821 $800 22  5
Also this sum, being a balance in the Bank of the United States on the 31st December, 1821 32 5

800 55 0

805,806 50 0

Silver coins made from January 1 to December 31, 1822: 100,000 dimes, 64,080 quarter dollars, and 1,559,573 half dollars 698,365 12 16 805,806 50 0
Allowances made to melter and refiner and chief coiner for wastage for same period 2,177 5 15 2,512 24 5
Silver bullion in the hands of the officers of the Mint on the 31st December, 1822 34,741 5 5 40,089 55 0


As above, 735,284 3 12  848,408 29 5

LUND WASHINGTON, Clerk.
Comptroller’s Office, February 26, 1823.

B.

The Mint of the United States in account current for copper purchased from the commencement of the institution to December 31, 1822.

Dr. Cr.
To amount of rough copper and copper
Troy weight.

Cost of copper.
  lbs.  oz. dwt.
To amount of rough copper, and copper planchets, purchased from the commencement of the institution to December 31, 1821, per statement B, accompanying the Comptroller’s letter of April 25, 1822 1,549,691 3 6 $407,632 46
To amount gained on coinage 3,597 4 13 $112,433 26
By amount of rough copper and copper Troy weight. Value of copper, at rate of seven dwts. to a cent.
lbs.  oz. dwt.
By amount of rough copper, and copper planchets, accounted for from the commencement of the institution to December 31, 1821, per statement marked B, accompanying the Comptroller’s letter of April 25, 1822 1,400,017 8 0 $467,515  67
By amount of cents delivered by the Treasurer of the mint to the Treasurer of the United States 39,547 1 0 13,559 00


Amount accounted for 1,439,564 9 0 481,074 67
Balance on hand December 31, 1822—
In the hands of the Treasurer of the Mint, coined 72,754 5 13 24,944 39
Chief coiner, uncoined 40,969 5 6 14,046 66


1,553,288 7 19 520,065 72

To amount of rough copper, and copper Cost of copper.


1,553,288 7 19 520,065 72

LUND WASHINGTON, Clerk.
Comptroller’s Office, February 26, 1823.

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, 1822, viz:

Value of gold, silver, and copper coinage, up to the 31st December, 1821, $19,900,780  21
Gold coins made from January 1 to December 31, 1822, per account A, $88,980  00
Silver coins made from January 1 to December 31, 1822, per account A, 805,806 50
Copper coins made from January 1 to December 31, 1822, per account B, 13,559 00

908,345 50

Total value of gold, silver, and copper 20,809,125 71

Net charge on the coinage of gold, silver, and copper to the 31st December, 1821, 517,059 14
Add amount gained on the coinage of copper to the same period, 101,199 87

618,259 01
From which deduct amount of wastage, gold and silver, to 31st December, 1821, $73,126 92
Also, amount of wastage from January 1 to December 31, 1822, 2,804 46

75,931 38

542,327 63
Add amount disbursed on account of the establishment from January 1 to December 31, 1822, 21,429 17
Add also the amount of wastage on gold and silver to December 31, 1822, 75,931 38
From the above deduct the amount retained from deposites to 31st December, 1821, 9,282 25
Also this sum, from January 1 to December 31, 1822, 654 79

9,937 04

65,994 34

629,751 14
Deduct amount gained on the coinage of copper from the commencement of the institution to December 31, 1822, 112,433 26

Net amount chargeable to the coinage of gold, silver, and copper, from the commencement of the institution to December 31, 1822, including the costs of lots, buildings, and machinery, 517,217 88

LUND WASHINGTON, Clerk.
Comptroller’s Office, February 26, 1823.