16th Congress.
No. 587
1st Session.

THE MINT.

Communicated to the House of Representatives, April 10, 1820.

Treasury Department, April 8, 1820.

Sir:

I have the honor to transmit, herewith, a letter from the Comptroller of the Treasury, accompanied by sundry statements, which have been prepared in obedience to the act entitled “An act establishing a Mint of the United States,” passed April 2, 1792.

I have the honor to be, very respectfully, sir, your obedient servant,

WM. H. CRAWFORD.

The Hon. the Speaker of the House of Representatives.


Treasury Department, Comptroller’s Office, April 8, 1820.

Sir:

The statements herewith, marked A, B, and C, have been prepared pursuant to the seventh section of an act of Congress, passed the 2d of April, 1792, 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 enable me to afford.

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

JOS. ANDERSON, Comptroller.

The Hon. William H. Crawford, Secretary of the Treasury.


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, 1818; the amount deposited from 1st January to 31st December, 1819; the different species of coins made and paid on account of deposites; allowances for wastage; and the balance remaining in the hands of the officers of the Mint on the 31st December, 1819, to be accounted for on a future settlement, viz:

GOLD. Oz.  dwts. gr. Dolls. cts. m.
Balance of gold bullion, &c. remaining in the hands of the officers of the Mint on the 31st of December, 1818, 1,169  13  13 20,720 68 5
Gold bullion deposited from 1st January to 31st of December, 1819, 19,108 5 22 339,703 05 0
Deduct gold coins in the Bank of the United States, on 31st Dec. 1818, 

Total, 20,273 19 11 360,423 73 5
In the hands of the treasurer of the Mint, on the 31st of December, 1819, 3 68 0

Amount paid for deposites of gold, from 1st January to 31st December, 1819, 140,827 13 5
Amount deposited in the Bank of the United States, on the 31st December, 1819, 119,105 89 5

259,936 71 0
Deduct gold coins in the hands of the treasurer, on the 31st Dec. 1818, 3 87 5
Deduct gold coins in the Bank of the United States, on 31st Dec. 1818, 1,317 83 5

1,321 71 0

258,615 00 0

Gold coins made at the Mint from Jan. 1 to December 31, 1819, 51,723 half-eagles 14,547 1 21 258,615 00 0
Allowances to the melter and refiner and chief coiner for wastage for same period, 53 6 5 947 73 5
Gold bullion in the hands of the officers of the Mint, on the 31st December, 1819, 5,673 11 9 100,861 00 0


As above, 20,273 19 11 360,423 73 5


SILVER.
Balance of silver bullion remaining in the hands of the officers of the Mint, on the 31st of December, 1818, 176,858 4 22 204,065 63 5
Silver bullion deposited from 1st January to 31st December, 1819, 878,757 1 0 1,013,950 38 0


Total, 1,055,615 5 22 1,218,016 01 5


Amount paid for deposites of silver, from 1st January to 31st December, 1819, 1,147,355 06 0
Amount deposited in the Bank of the United States, December 31, 1819, 8,996 42 0
Add silver coins in the hands of the treasurer of the Mint, on 31st December, 1819, 78 0

1,156,352 26 0
Deduct this sum, being a balance of silver coins in the hands of the treasurer of the Mint, on the 31st December, 1818, 78
Also this sum, being a balance in the Bank of the United States, on the 31st December, 1818, 16,351 48


16,352 26 0

1,140,000 00 0

Silver coins made from 1st January, to 31st December, 1819, 144,000 quarter-dollars and 2,208,000 half-dollars, 988,000 0 0 1,140,000 00 0
Allowances made to melter and refiner and chief coiner for wastage for same period, 3,358 8 7 3,875 09 0
Silver bullion in the hands of the officers of the Mint, December 31, 1819, 64,256 17 15 74,140 92 5


As above, 1,055,615 5 22  1,218,016 01 5

Comptroller’s Office, April 8, 1820.

LUND WASHINGTON, Clerk.


B.

The Mint of the United States, in account current of copper purchased from the commencement of the institution to 31st December, 1819.

Dr. Troy weight.
Cost of copper.
To amount of rough copper and copper planchets purchased from the commencement Lbs. oz.dwts. Dolls. cts.
To amount of rough copper and copper planchets, purchased from the commencement of the institution to the 31st December, 1818, per statement marked B, accompanying the Comptroller’s letter of the 23d February, 1819, 1,199,116 1 0 331,552 61
To amount of copper planchets fit for striking, purchased in the quarters ending June and September, 1819, 108,022 pounds avoirdupois weight, at 7,000 grains to the pound avoirdupois, is 131,155 1 13 34,589 36
To this sum lost in exchange upon remittances made to William Harold, for the purchase of copper, 310 69


Amount and cost of copper, 1,330,271 2 13 366,452 66
To this amount gained in the weight of copper, arising from planchets weighing less than 7 dwts. each, 60 10 1
To amount gained on the coinage of copper, 63,037 01


1,330,332  0 14 429,489  67

Cr. Troy weight. Value of copper, at the rate of 7 dwts. to a cent.
By amount of rough copper and copper planchets, accounted for from the commencement Lbs. oz.dwts. Dolls. cts.
By amount of rough copper and copper planchets, accounted for from the commencement of the institution to 31st December, 1818, per statement, marked B, accompanying the Comptroller’s letter of the 23d February, 1819, 1,078,136  2 14 356,262  52
By amount of cents delivered by the treasurer of the Mint to the Treasurer of the United States, 120,727 1 0 27,635 00
By this sum received from Matthew R. Bolton, for interest on the moneys in his hands, 517 15


Amount accounted for, 1,198,863 3 14 384,414 67
By balance on hand, viz:
In the hands of the treasurer of the Mint, 49,802 1 0 17,075 00
In the hands of the treasurer of the Mint, being uncoined copper, 81,666 8 0 28,000 00


1,330,332 0 14 429,489 67

Note. — 278 lbs. 9 oz. 17 grs. of planchets, spoiled in striking, appear to have been received in the year 1819, by the treasurer of the Mint, from the chief coiner, to be used as alloy in the coinage of gold and silver.

Comptroller’s Office, April 8, 1820.

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, 1819, viz:

Dolls. cts. m. Dolls. cts. m.
Value of gold, silver, and copper coinage, up to the 31st December, 1818, 15,549,456  06  0
Gold coins made from January 1 to December 31, 1819, per account A, 258,615  00  0
Silver coins made from January 1 to December 31, 1819, per account A, 1,140,000 00 0
Copper coins made from January 1 to December 31, 1819, per account B, 44,710 00 0

1,443,325 00 0

Total value of gold, silver, and copper, 16,992,781 06 0

Nett charge on the coinage of gold, silver, and copper, to the 31st Dec. 1818, 514,046 09 5
Add amount gained on the coinage of copper to the same period, 63,331 58 0

577,377 67 5
From which deduct amount wastage on gold and silver, to December, 31, 1818, $58,297 45 5
Also, amount wastage from January 1 to December 31, 1819, 4,822 82 5

63,120 28 0

514,257 39 5
Add amount disbursed on account of the establishment from January 1 to December 31, 1819, 25,008 76 0
Add, also, the amount of wastage on gold and silver, to December 31, 1818, 58,297 45 5
Add, also, the amount of wastage on gold and silver, from January 1 to December 31, 1819, 4,822 82 5

63,120 28 0
From the above, deduct the amount retained from deposites to December 31, 1818, $7,938 36 5
Also, this sum from January 1 to December 31, 1819, 104 91 0

8,043 27 5

55,077 00 5

594,343 16 0
Deduct amount gained on the coinage of copper from the commencement of the institution to December 31, 1819, 63,037 01 0
Nett amount chargeable to the coinage of gold, silver, and copper, from the commencement of the institution to December 31, 1819, including the costs of lots, buildings, and machinery,
531,306 15 0

Comptroller’s Office, April 8, 1820.

LUND WASHINGTON, Clerk.