OPERATIONS OF THE MINT.

Communicated to the House of Representatives February 25, 1825.

Treasury Department, February 23, 1825.

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 7th section of an act of Congress, passed on the 2d of April, 1792, entitled “An act establishing a Mint and regulating the coins of the United States.”

These statements 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, very respectfully, your obedient servant,

WM. H. CRAWFORD.

Hon. H. Clay, 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, 1823; the amount deposited from January 1 to December 31, 1824; 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 of December, 1824, to be accounted for on a future settlement, viz:

GOLD.	Oz. dwts.grs.
Balance of gold bullion remaining in the hands of the officers of the Mint on the 31st of December, 1823	820	17	20	$14,588	14	5
Gold bullion deposited from January 1 to December 31, 1824	4,931	12	00	87,672	37	0
Amount deposited in the Bank of the United States on the 31st of
Total,	5,752	09	20	102,260	51	5

Amount paid for deposits of gold from January 1 to December 31, 1824				93,207	06	5
Amount deposited in the Bank of the United States on the 31st of December, 1824				1,065	69	0
Balance in the hands of the Treasurer of the Mint on the 31st of December, 1824				1,440	79	5

				95,713	55	0
Deduct as follows:
Amount in the hands of the Treasurer and in the Bank of the United States on the 31st December, 1823				2,513	55	0

				93,200	00	0

Gold coins made at the Mint from January 1 to December 31, 1824 — 17,340 half eagles, 2,600 quarter eagles	5,242	10	00	93,200	00	0
Allowances to the chief coiner for wastage for same period	10	18	14	194	29	5
Gold bullion in the hands of the officers of the Mint on the 31st December, 1824	499	01	06	8,866	22	0

	5,752	09	20	102,260	51	5

SILVER.
Balance of silver bullion remaining in the hands of the officers of the Mint on the 31st December, 1823	146,673	12	12	169,241	39	5
Silver bullion deposited from January 1 to December 31, 1824	1,634,012	09	00	1,885,398	02	0

	1,780,686	01	12	2,054,639	41	5

Amount paid for deposits of silver from January 1 to December 31, 1824				1,753,167	27	5
Amount deposited in the Bank of the United States on the 31st December, 1824				237	16	5

				1,753,404	44	0
Deduct as follows:
Amount in the Bank of the United States on the 31st of December, 1823				927	44	0

				1,752,477	00	0

Silver coins made from January 1 to December 31, 1824 — 3,504,954 half dollars	1,518,813	08	00	1,752,477	00	0
Allowances to melter and refiner and chief coiner for wastage for same period	3,319	00	05	3,829	62	5
Silver bullion in the hands of the officers of the Mint December 31, 1824	258,553	13	07	298,332	79	0

	1,780,686	01	12	2,054,639	41	5

LUND WASHINGTON, Clerk.
Comptroller’s Office, February 22, 1825.

B.

The Mint of the United States in account for copper purchased from the commencement of the institution to December 13, 1824.

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 the 31st December, 1823, per statement marked B, accompanying the Comptroller’s letter of the 20th May, 1824	1,553,303	2	19	$407,632	46
To cost of 91 casks of copper purchased of William Harrol, of Birmingham, in the 4th quarter of 1823, received per the ship Montezuma, 15 tons, 1 cwt. 1 qr. 7 lbs.	41,011	1	15	10,039	81
To loss in exchange in remittance to Wm. Harrol on account of the purchase of copper				773	23
To amount gained on coinage				115,686	47

By amount of rough copper and copper	Troy weight.			Value of copper, at the rate of 7 dwts. to a cent.
	lbs. oz. dwt.
By amount of rough copper and copper planchets accounted for from the commencement of the institution to 31st December, 1823, per statement marked B, accompanying the Comptroller’s letter of the 20th May, 1824	1,475,293	11	00	$493,324	67
By amount of cents deposited by the Treasurer of the Mint to the credit of the Treasurer of the United States in the year 1824	45,135	5	00	15,475	00

Amount accounted for	1,520,429	4	00	508,799	67
Balance on hand 31st December, 1824, in hands of the Treasurer of the Mint:
Coined	28,712	9	13	9,844	39
Uncoined	41,011	1	15	14,061	25
Chief coiner, uncoined	4,161	1	6	1,426	66

	1,594,314	4	14	534,131	97

			Cost of copper.

1,594,314	4	14	534,131	97

LUND WASHINGTON, Clerk.

Comptroller’s Office, February 22, 1825.

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 deposits; and the amount gained on the coinage of copper, from the commencement of the institution to the 31st of December, 1824, viz:

Value of gold, silver, and copper coinage up to December 31, 1823					$21,789,350	71
Gold coins made from January 1 to December 31, 1824, per account A			$93,200	00
Silver coins made from January 1 to December 31, 1824, per account A			1,752,477	00
Copper coins made from January 1 to December 31, 1824, per account B			15,475	00
					1,861,152	00

Total value of gold, silver, and copper					23,650,502	71

Net charge on the coinage of gold, silver, and copper, to December 31, 1823			572,182	85
Add amount gained on the coinage of copper to the same period			112,438	26

			639,621	11
From which deduct:
Amount wastage on gold and silver to December 31, 1823	$79,175	57
Also, amount wastage from January 1 to December 31, 1824	4,023	92
			83,199	49
					556,421	62
Add amount disbursed on account of the establishment from January 1 to December 31, 1824					22,044	93
Add, also, the amount wastage on gold and silver to December 31, 1824			83,199	49
From the above deduct:
The amount retained from deposits to December 31, 1823	$11,311	47
Also, this sum from January 1 to December 31, 1824	1,872	27½
			13,183	74½
					70,015	74½

					648,482	29½
Deduct the amount gained on the coinage of copper from the commencement of the institution to December 31, 1824					115,686	47

Net amount chargeable to the coinage of gold, silver, and copper, from the commencement of the institution to December 31, 1824, including the costs of lots, buildings, and machinery					532,795	82½

LUND WASHINGTON, Clerk.
Comptroller’s Office, February 22, 1825.