20th Congress.
No. 911
1st Session.

OPERATIONS OF THE MINT IN 1827.

Communicated to the House of Representatives April 16, 1828.

Treasury Department, April 14, 1828.

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 the 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,

RICHARD RUSH.

Hon. 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 December 31, 1826; the amount deposited from January 1 to December 31, 1827; 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 December 31, 1827, 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 December 31, 1826 40  7  1 $711 16
Gold bullion deposited from January 1 to December 31, 1827 7,415 2 9 131,824 12½
Amount deposited in the Bank of the United States December 31, 1827 
Total 7,455 9 10 132,536 08½
Amount paid for deposits of gold from January 1 to December 31, 1827 $128,563 93½
Amount deposited in the Bank of the United States December 31, 1827 860 04½
Balance in the hands of the Treasurer of the Mint December 31, 1827 2,600 00
132,023 98
Deduct as follows:
Amount deposited in the Bank of the United States December 31, 1826 458 98
131,565 00
Gold coins made at the Mint from January 1 to December 31, 1827 — 2,800 quarter and 24,913 half eagles 7,400 10 21 $131,565 00
Allowances to the melter and refiner and chief coiner for wastage for same period 18 00 4 320 14
Gold bullion in the hands of the officers of the Mint December 31, 1827 36 18 9 650 14½
As above 7,455 9 10 132,536 08½
SILVER.
Balance of silver bullion remaining in the hands of the officers of the Mint December 31, 1826 529,052 2 19 $610,445 42
Silver bullion deposited from January 1 to December 31, 1827 2,028,104 8 0 2,340,120 00
Total 2,557,156 10 19 2,950,565 42
Amount paid for deposits of silver from January 1 to December 31, 1827 $2,864,263 18½
Amount deposited in the Bank of the United States December 31, 1827 5,137 45½
Balance in the hands of the Treasurer of the Mint December 31, 1827 3 21½
2,869,403 85½
Deduct as follows:
Amount deposited in the Bank of the United States and in the hands of the Treasurer of the Mint December 31, 1826 203 85½
2,869,200 00
Silver coins made at the Mint from January 1 to December 31, 1827 — 1,215,000 dimes, 4,000 quarters, and 5,493,400 half dollars 2,486,640 00 0 $2,869,200 00
Allowances to melter and refiner and chief coiner for wastage for same period 6,082 15 2 7,018 55
Silver bullion in the hands of the officers of the Mint December 31, 1827 64,433 15 17 74,346 87
As above 2,557,156 10 19 2,950,565 42
LUND WASHINGTON, Clerk.
Comptroller’s Office, April 11, 1828.

B.

The Mint of the United States in account for copper purchased from the commencement of the institution to December 31, 1827.

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, 1826, per statement marked B, accompanying the Comptroller’s letter of February 23, 1827  1,704,479  9 13 $447,679 13
To cost of 145 casks of copper planchets purchased from William Harrold & Son and M. R. Bolton, and charged in the second and third quarters of 1827, received by the ships Tuscarora, Ann, Telegrapg, and Lancaster, weighing 56,926lbs. 10oz. avoirdupois 69,181 7 18 15,147 15
To loss in exchange on remittances to William Harrold & Son and Matthew R. Bolton, in payment for copper, as charged the second and third quarters of 1827 1,792 56
To amount paid M.R. Bolton for interest upon the balance due him in account for the purchase of copper, as charged in the 1st quarter of 1827 201 15
Amount and cost of copper 1,773,661 5 11 464,819 99
To amount gained on coinage to December 31, 1827 147,078 20½
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 December 31, 1826, per statement marked B, accompanying the Comptroller’s letter of February 23, 1827 1,628,195 9 17 $553,720 17½
By amount of cents deposited by the Treasurer of the Mint to the credit of the Treasurer of the United States in the year 1827 63,905 1 4 21,910 32
By amount of the par value of 69,181lbs. 7dwt. 18grs. of copper planchets, purchased and received in the second and third quarters of 1827, over the cost thereof 8,573 07½
By amount of spoiled and damaged planchets, returned from the chief coiner in the second quarter of 1827 102 4 12
By amount allowed the chief coiner for the loss in the weight of copper delivered him December 30, 1825, and June 30, 1827 682 1 16
Amount accounted for 1,692,885 3 9 584,203 57
Balances on hand December 31, 1826:
In hands of the Treasurer of the Mint, coined 17,348 9 19 5,948 17
In hands of the Treasurer of the Mint, uncoined 13,735 0 17 4,709 16½
In hands of the chief coiner, uncoined 49,692 1 6 17,037 29
1,773,661  5 11 611,898 19½
To amount of rough copper, and copper Cost of copper.
1,773,661  5 11 611,898 19½
LUND WASHINGTON, Clerk.
Comptroller’s Office, April 11, 1828.

C.

Summary statement exhibiting the value of the 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 December 31, 1827, viz:

Value of gold, silver, and copper coinage up to December 31, 1826 $27,502,462 96
Gold coins made from January 1 to December 31, 1827, per account A $131,565 00
Silver coins made from January 1 to December 31, 1827, per account A 2,869,200 00
Copper coins made from January 1 to December 31, 1827, per account B 21,910 32
3,022,675 32
Total value of gold, silver, and copper 30,525,138 28
Net charge on the coinage of gold, silver, and copper, to December 31, 1826 $532,137 04
Add amount gained on the coinage of copper to the same period 132,195 54½
664,332 58½
From which deduct:
Amount of wastage on gold and silver to December 31, 1826 $92,779 41½
Also the amount of wastage from January 1 to December 31, 1827 7,338 69
100,118 10½
$564,214 48
Add amount disbursed on account of the establishment from January 1 to December 31, 1827 30,252 77
Add also the amount of wastage on gold and silver to December 31, 1827 100,118 10½
From the above deduct:
The amount retained from deposits to December 31, 1826 $17,087 00
Also this sum from January 1 to December 31, 1827 1,949 66
19,036 66
81,081 44½
675,548 69½
Deduct amount gained on the coinage of copper from the commencement of the institution to December 31, 1827 147,078 20½
Net amount chargeable to the coinage of gold, silver, and copper from the commencement of the institution to December 31, 1827, including the costs of lots, buildings, and machinery 528,470 49
LUND WASHINGTON, Clerk.
Comptroller’s Office, April 11, 1828.