Communicated to the House of Representatives, January 21, 1828.
To the Senate and House of Representatives of the United States:
A report from the Director of the Mint, together with a statement of the operations of that institution during the year 1827, is herewith transmitted to Congress.
JOHN QUINCY ADAMS.
Washington, January 21, 1828.
Mint of the United States, Philadelphia, January 1, 1828.
Sir: I have the honor to submit a report on the general transactions of the Mint during the past year.
The coinage effected within that period, as appears from the Treasurer’s statement, herewith transmitted, amounts to $3,024,342 32, consisting of 9,097,845 pieces of coin, viz:
|Of gold||27,713||pieces, making||$131,565||00|
|Of silver||6,712,400||pieces, making||2,869,200||00|
|Of copper||2,357,732||pieces, making||23,577||32|
Of the gold bullion deposited at the Mint within the past year the proportion received from Mexico, South America, and the West Indies, may be stated at $76,000; that from North Carolina at $21,000 and that from Africa at $15,000; leaving about $20,000 derived from sources not ascertained. The whole amount received from North Carolina to the present time is nearly $110,000. This gold has generally been found to exceed in fineness the standard of our gold coins.
The supply of silver, under various forms of unwrought bullion, and in foreign coins, has been unusually abundant, especially during the first three quarters of the year. The heavier deposits have been received generally through the Bank of the United States. Of the amount of silver coined within the last year, more than $2,000,000 consisted of deposits received from that institution.
The amount of copper coins distributed within the last year is $21,910. They are forwarded, as heretofore, at the expense and risk of the Government, to all parts of the United States accessible by regular means of transportation, on receiving the value thereof here, or a certificate of deposit to the credit of the Treasurer of the United States for the requisite amount, in any of the banks authorized to receive deposits of public money.
A general view of the operations of the Mint from its first commencement will not, it is believed, be found destitute of interest, and is, therefore, respectfully presented.
The whole coinage executed since the establishment of the Mint amounts to $30,465,444 14½, consisting of 103,081,178 pieces of coin, viz:
|Of gold||1,538,161||pieces, making||$8,255,667||50|
|Of silver||47,389,086||pieces, making||21,695,899||90|
|Of copper||54,153,931||pieces, making||513,876||74½|
Within the first fifteen years of the operations of this establishment, beginning with the year 1793, and ending with 1807, the amount coined was $6,482,613 68½; in the succeeding ten years, ending with 1817, the amount coined was $7,115,979 85; and in the last ten years it has been $16,266,850 61.
The average annual coinage of the first period above designated, it will be found, was $432,114 24; that of the second, $771,597 98; and that of the last period, $1,626,685 06. The coinage of the last year exceeds by nearly a million of dollars that of any year preceding, and is nearly two fold the average amount of the period to which it belongs.
I have the honor to be, with great respect, your obedient servant,
The President of the United States.
A statement of the coins struck at the Mint of the United States from January 1 to December 31, 1827, inclusive.
|Quarter ending 31st March||205,000||1,203,400||$622,200||00|
|Quarter ending 30th June||350,000||1,513,000||791,500||00|
|Quarter ending 30th September||360,000||1,342,000||707,000||00|
|Quarter ending 31st December||300,000||4,000||1,435,000||748,500||00|
|Quarter ending 31st March||2,800||4,230||$28,150||00|
|Quarter ending 30th June||7,897||39,485||00|
|Quarter ending 30th September||7,462||37,310||00|
|Quarter ending 31st December||5,324||26,620||00|
|Quarter ending 31st March||280,000||$2,800||00|
|Quarter ending 30th June||1,048,832||10,488||32|
|Quarter ending 31st December||1,028,900||10,289||00|
|6,712,400||pieces of silver coins, amounting to||$2,869,200||00|
|27,713||pieces of gold coins, amounting to||131,565||00|
|2,357,732||pieces of copper coins, amounting to||23,577||32|
|9,097,845||pieces of coins, amounting to||3,024,342||32|
|Mint of the United States, Treasurer’s Office, Philadelphia, December 31, 1827.|