16th Congress.
No. 621
2d Session.

THE MINT.

Communicated to the House of Representatives, March 1, 1821.

Treasury Department, February 27, 1821.

Sir:

I have the honor to transmit, herewith, three statements, (marked A, B, and C,) which 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.”

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

WM. H. CRAWFORD.

The Hon. John W. Taylor 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 of December, 1819; the amount deposited from 1st January to 31st December, 1820; 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, 1820, to be accounted for on a future settlement, viz:

GOLD. Oz.  dwts. gr. Dolls. cts. m.
Balance of gold bullion remaining in the hands of the officers of the Mint on the 31st December, 1819, 5,673  11  9 100,861 00 0
Gold bullion deposited from 1st January to 31st December, 1820, 69,733 11 7 1,239,705 43 5
Amount deposited in the Bank of the United States on the 31st   

Total, 75,407 2 16 1,340,566 43 5


Amount paid for deposites of gold from 1st January to 31st December, 1820, 1,424,428 54 5
Amount deposited in the Bank of the United States on the 31st December, 1820, 13,711 03 0

1,438,139 57 5
Deduct as follows:
Amount in the hands of the Treasurer of the Mint on the 31st December, 1819, $3 68 5
Amount deposited in the Bank of the United States on the 31st December, 1819, 119,105 89 5


119,109 57 5

1,319,030 00 0

Gold coins made at the Mint from 1st January to 31st December, 1820, 263,806 half-eagles 1,319,030 00 0
Allowances to the melter and refiner and chief coiner for wastage, for same period, 4,525 99 5
Gold bullion in the hands of the officers of the Mint, on the 31st December, 1820, 17,010 44 0

As above, 1,340,566 43 5

SILVER.
Balance of silver bullion remaining in the hands of the officers of the Mint, on the 31st December, 1819, 64,256 17 15 74,140 92 5
Silver bullion deposited, from 1st January to 31st December, 1820, 390,605 17 0 450,702 67 5


Total, 454,862 14 15 524,843 60 0


Amount paid for deposites of silver, from 1st January to 31st December, 1820, 507,734 72 0
Amount deposited in the Bank of the United States on the 31st December, 1820, 2,943 13 5
Add silver coins in the hands of the treasurer of the Mint on the 31st December, 1820, 4 5

510,677 90 0
Deduct this sum, being a balance of silver coins in the hands of the Treasurer of the Mint, on the 31st December, 1819, 78
Also this sum, being a balance in the Bank of the United States on the 31st December, 1819, 8,996 42


8,997 20 0

501,680 70 0

Silver coins made from 1st January to 31st December, 1820, 942,587 dimes, 127,444 quarter-dollars and 751,122 half-dollars, 434,790 0 11 501,680 70 0
Allowances made to melter and refiner and chief coiner for wastage, for same period, 1,505 17 23 1,737 57 0
Silver bullion in the hands of the officers of the Mint on the 31st December, 1820, 18,566 16 5 21,425 33 0


As above, 454,862 14 15  524,843 60 0

Comptroller’s Office, February 26, 1821.

LUND WASHINGTON, Clerk.


B.

The Mint of the United States in account current of copper, purchased from the commencement of the institution to the 31st of December, 1820.

Dr. Troy weight.
Cost of copper.
To amount of rough copper and copper planchets purchased from the commencement Lbs. oz.dwts. Dolls. cts.m.
To amount of rough copper and copper planchets purchased from the commencement of the institution to the 31st December, 1819, per statement B, accompanying the Comptroller’s letter of the 8th April, 1820, 1,330,332 0 14 366,452 66 0
To amount of copper planchets fit for striking, purchased in the quarters ending March, June and September, 1820, 37,678 pounds avoirdupois weight, at 7,000 grains to the pound avoirdupois, is 45,789 2 16 11,929 31 0
To this sum, being the balance lost in exchange upon remittances made for the purchase of copper, 224 39 0


Amount and cost of copper, 1,376,121 3 10 378,606 36 0
To amount gained on coinage, 24,493 10 0 89,113 81 0


1,400,615  1 10 467,720  17  0

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.m.
By amount of rough copper and copper planchets accounted for from the commencement of the institution to 31st December, 1819, per statement marked B, accompanying the Comptroller’s letter of the 8th April, 1820, 1,198,863  3 14 384,414  67  0
By amount of cents delivered by the treasurer of the Mint to the Treasurer of the United States, 127,455 10 16 44,075 50 0
By this sum short credited in last statement for cents delivered to the Treasurer of the United States, 10,900 00 0

By amount of cents delivered by the treasurer of the Mint to the Treasurer of the United States, 1,326,319 2 10
Deduct, over credited in last statement, for weight of cents delivered, 8,333 3 0


Amount accounted for, 1,317,985 11 10 439,390 17 0
By balance on hand, copper coins in the hands of the treasurer of the Mint, 82,629 2 0 28,330 00 0


1,400,615 1 10 467,720 17 0

Note. — 229 lbs. 18 dwts. of copper, spoiled in striking, appear to have been received in the year 1820, 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, February 26, 1821.

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, 1820, viz:

Value of gold, silver, and copper coinage, up to the 31st December, 1819, $16,992,781  06  0
Gold coins made from January 1 to December 31, 1820, per account A, $1,319,030  00  0
Silver coins made from January 1 to December 31, 1820, per account A, 501,680 70 0
Copper coins made from January 1 to December 31, 1820, per account B, 44,075 50 0

1,864,786 20 0

Total value of gold, silver, and copper, $18,857,567 26 0

Nett charge on the coinage of gold, silver, and copper, to December 31st, 1819, 531,306 15 0
Add amount gained on the coinage of copper to the same period, 63,037 01 0

594,343 16 0
From which deduct amount of wastage of gold and silver to the 31st December, 1819, $63,120 28 0
Also amount wastage from January 1 to December 31, 1820, 6,263 56 5

69,383 84 5

524,959 31 5
Add amount disbursed on account of the establishment from January 1 to December 31, 1820, 21,606 42 0
Add also the amount of wastage on gold and silver to the 31st of December, 1820, 69,383 84 5
From the above deduct the amount retained from deposites to 31st December, 1819, $8,043 27 5
Also this sum, from 1st January to 31st December, 1820, 260 54 5

8,303 82 0

61,080 02 5

607,645 76 0
Deduct amount gained on the coinage of copper from the commencement of the institution to December 31st, 1820, 89,114 81 0

Nett amount chargeable to the coinage of gold, silver, and copper, from the commencement of the institution to December 31st, 1820, including the costs of lots, buildings, and machinery, 518,530 95 0

Comptroller’s Office, February 26, 1821.

LUND WASHINGTON, Clerk.