20th Congress,
2d Session.
[Doc. No. 132.]
Ho. of Reps.
Treas. Dep.

COINAGE AT THE MINT U.S.

LETTER
from
THE SECRETARY OF THE TREASURY,

Transmitting
Statements relative to the Transactions of the Mint for 1828.

February 29, 1829. – Read, and laid upon the table.

Treasury Department, February 26, 1829.

Sir: I have the honor to transmit herewith three statements, marked A. B. and C, which have been prepared by the Comptroller, 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 that 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 U.S.

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 1827; the amount deposited from 1st January to 31st December, 1828; 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, 1828, to be accounted for on a future settlement, viz:

GOLD. Oz. dwts.grs. Dolls. cts. m.
Balance of gold bullion remaining in the hands of the officers of the Mint on the 31st December, 1827 36 18 09 650 14 5
Gold bullion deposited from 1st Jan. to 31st Dec. 1828 7,995 10 15 142,142 41 0
Amount deposited in the Bank of the United States December 31, 1827 
Total 8,032 09 00 142,792 55 5
Amount paid for deposits of gold from 1st January to 31st December, 1828 143,601 83 0
Balance in the hands of the Treasurer of the Mint on the 31st December, 1828 3 21 5
143,605 04 5
Deduct as follows:
Amount deposited in the Bank of the United States on the 31st December, 1827 860 04 5
Balance in the hands of the Treasurer of the Mint on the 31st December, 1827 2,600 00 0
3,460 04 5
140,145 00 0
Gold coins made at the Mint from 1st January to 31st December, 1828, 28,029 half eagles 7,883 03 03 140,145 00 0
Allowances to the melter and refiner and chief coiner, for wastage for same period 16 17 00 297 55 0
Gold bullion in the hands of the officers of the Mint on the 31st December, 1828 132 08 21 2,348 00 5
As above, 8,032 09 00 142,792 55 5
SILVER.
Balance of silver bullion remaining in the hands of the officers of the Mint on the 31st December, 1827 64,433 15 17 74,346 87 0
Silver bullion deposited from 1st Jan. to 31st Dec. 1828 1,474,998 07 1,701,920 62 5
From which deduct this sum, deposited by And. Currier, in July, 1828, and subsequently withdrawn by Thos. and John G. Biddle, per warrant of the Director, No. 2,169 5,398 18 6,229 50 0
1,469,599 09 00 1,695,691 12 5
Total 1,534,033 04 17 1,770,037 99 5
Amount paid for deposits of silver from 1st Jan. to 31st Dec. 1828 1,519,664 87 0
Amount deposited in the Bank of the United States on the 31st Dec. 1828 61,075 80 0
1,580,740 67 0
Deduct as follows:
Amount deposited in the Bank of the United States on the 31st Dec. 1827 5,137 45 5
Balance in the hands of the Treasurer of the Mint on the 31st Dec. 1827 3 21 5
5,140 67 0
1,575,600 00 0
Silver coins made at the Mint from 1st Jan. to 31st Dec. 1828, 125,000 dimes, 102,000 qr dollars, and 3,075,200 half dollars 1,365,520 00 0 1,575,600 00 0
Allowances made to melter and refiner and chief coiner, for wastage for same period 2,915 18 13 3,364 52 5
Silver bullion in the hands of the officers of the Mint on the 31st December, 1828 165,597 06 04 191,073 47 0
As above, 1,534,033 04 17 1,770,037 99 5
Comptroller’s Office, 25th February, 1829.
LUND WASHINGTON, Clerk.

B.

The Mint of the U. States in account copper purchased, from the commencement of the institution to Dec. 31, 1828.

Dr. Cr.


To amount of rough copper and copper

 Troy weight. Cost of copper.
  lbs.  oz. dwt. Dolls.  Cts.
To amount of rough copper and copper planchet purchased from the commencement of the institution to the 31st December, 1827, per statement marked B, accompanying the Comptroller’s letter of 11th April, 1828  1,773,661  5 11 464,819 99
To cost of 90 casks of copper planchets, purchased from M. R. Bolton and W. Harold & Son, and charged in the 3d and 4th quarters of 1828, received per ships Julius Cæsar and Alexander, weighing 34,164 lbs. Avoirdupois 41,518 8 19 9,467 69
To overplus upon the weight of copper delivered to the chief coiner in 3d quarter of 1828 111 9 4
To loss in exchange on upon a bill of exchange for £1,400 sterling, remitted to M. R. Bolton in payment for copper purchased, which cost over the par value thereof 684 45
Amount and cost of copper 1,815,291 11 14 474,972 13
Amount gained on coinage, to the 31st December, 1828 155,630 84
By amount of rough copper and copper planchets Troy weight. Value of copper, at the rate of 7 dwts. to a cent.
lbs.  oz. dwt. Dolls.  Cts.
By amount of rough copper and copper planchets accounted for from the commencement of the institution to the 31st Dec. 1827, per statement marked B, accompanying the Comptroller’s letter of 11th April, 1828 1,692,885 5 9 584,203 57
By amount of cents deposited by the Treasurer of the Mint, to the credit of the Treasurer of the United States, in the year 1828 80,401 6 8 27,566 24
By amount of the par value of 41,518 lbs. 8 dwt. 19 grs. of copper planchets, received in the 3d and 4th quarters of 1828, over the cost thereof 4,767 30
By amount of spoiled and damaged planchets received from the chief coiner in the 1st and 4th quarters of 1828 317 7 18
By amount allowed the chief coiner for loss in the weight of copper delivered to him 31st December, 1827 661 10 9
Amount accounted for 1,774,266 6 4 616,537 11
Balances on the 31st Dec. 1828, in the hands of the Treasurer of the Mint, coined 11,719 7 19 4,018 17
Ditto uncoined 13,888 2 6 4,761 66
Chief coiner do 15,417 7 5 5,286 03
1,815,291 11 14 630,602 97
To amount of rough copper, and copper Cost of copper.
1,815,291 11 14 630,602 97
Comptroller’s Office, 25th February, 1829.
LUND WASHINGTON, Clerk.

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 1828, viz.

Dolls. Cts. M. Dolls. Cts. M.
Value of gold, silver, and copper coinage, up to 31st December, 1827 30,525,138 28 0
Gold coins made from 1st January to 31st December, 1828, per account A. 140,145 00 0
Silver coins made from 1st January to 31st December, 1828, per account A. 1,575,600 00 0
Copper coins made from 1st January to 31st December, 1828, per account B. 27,566 24 0
1,743,311 24 0
Total value of gold, silver, and copper 32,268,449 52 0
Nett charge on the coinage of gold, silver, and copper, to the 31st December, 1827 528,470 49 0
Add amount gained on the coinage of copper to the same period 147,078 20 5
675,548 69 5
From which deduct amount wastage on gold and silver to 31st Dec 1827 100,118 10 5
Also, amount wastage from 1st January to 31st December, 1828 3,664 07 5
From which deduct amount wastage on  
103,782 18 0
571,766 51 5
Add amount disbursed on account of the establishments from 1st January to 31st December, 1828 25,679 01 0
Add, also, the amount wastage on gold and silver to 31st December, 1828 103,782 18 0
From the above deduct the amount retained from deposites to 31st December, 1827 19,036 66
Also this sum from 1st January to 31st December 1828 3,714 77
22,751 43 0
81,030 75 0
678,476 27 5
Deduct amount gained on the coinage of copper from the commencement of the institution to 31st December, 1828 155,630 84 0
Nett amount chargeable to the coinage of gold, silver, and copper from the commencement of the institution to 31st December, 1828, including the costs of lots, buildings, and machinery 522,845 43 5
Comptroller’s Office, 25th February, 1829.
LUND WASHINGTON, Clerk.