OPERATIONS OF THE MINT.
Communicated to the House of Representatives May 21, 1824.
Treasury Department, May 21, 1824.
The Secretary of the Treasury has the honor to transmit herewith three statements, marked A, B, 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.”
They contain all the information relative to the transactions of the Mint which the settlements made
at the Treasury afford.
Hon. 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 December, 1822; the amount deposited from 1st January to 31st December, 1823; 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, 1823, 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, 1822 |
1,274 |
13 |
20 |
22,655 |
96 |
0 |
| Gold bullion deposited from 1st January to 31st December, 1823 |
3,632 |
17 |
6 |
64,583 |
95 |
5 |
| Amount deposited in the Bank of the United States on the 31st |
|
|
| Total, |
4,907 |
11 |
2 |
87,239 |
91 |
5 |
|
|
|
| Amount paid for deposits of gold from 1st January to 31st December, 1823 |
|
|
|
80,745 |
56 |
0 |
| Amount deposited in the Bank of the United States on the 31st December, 1823 |
|
|
|
2,512 |
72 |
5 |
| Balance in the hands of the Treasurer of the Mint on the 31st December, 1823 |
|
|
|
|
82 |
5 |
|
|
|
|
|
|
|
88,259 |
11 |
0 |
| Deduct amount in the hands of the Treasurer and in the Bank on the 31st December, 1822 |
|
|
|
10,834 |
11 |
0 |
|
|
|
|
|
|
|
72,425 |
00 |
0 |
|
|
|
| Gold coins made at the Mint from 1st January to 31st December, 1823, 14,485 half eagles |
4,073 |
18 |
3 |
72,425 |
00 |
0 |
| Allowances to the melter and refiner, and chief coiner, for wastage for same period |
12 |
15 |
3 |
226 |
77 |
0 |
| Gold bullion in the hands of the officers of the Mint on the 31st December, 1823 |
820 |
17 |
20 |
14,588 |
14 |
5 |
|
|
|
| As above |
4,907 |
11 |
2 |
87,239 |
91 |
5 |
|
|
|
| SILVER. |
|
|
|---|
| Balance of silver bullion remaining in the hands of the officers of the Mint on the 31st December, 1822 |
34,741 |
5 |
5 |
40,089 |
55 |
5 |
| Silver bullion deposited from 1st January to 31st December, 1823 |
890,690 |
16 |
0 |
1,027,719 |
27 |
0 |
|
|
|
| Total |
925,432 |
1 |
5 |
1,067,808 |
82 |
0 |
|
|
|
| Amount paid for deposits of silver from 1st January to 31st December, 1823 |
|
895,084 |
72 |
5 |
| Amount deposited in the Bank of the United States on the 31st December, 1823 |
|
927 |
44 |
0 |
| Balance in the hands of the Treasurer of the Mint on the 31st December, 1823 |
|
|
|
|
|
|
|
896,012 |
16 |
5 |
| Deduct amount in the hands of the Treasurer and in the Bank of the United States on the 31st December, 1822 |
|
462 |
16 |
5 |
|
|
|
|
|
895,550 |
00 |
0 |
|
|
|
| Silver coins made from 1st January to 31st December, 1823: 440,000 dismes,
17,800 quarter dollars, and 1,694,200 half dollars |
776,143 |
6 |
16 |
895,550 |
00 |
0 |
| Allowances to melter and refiner, and chief coiner, for wastage for same period |
2,615 |
2 |
1 |
3,017 |
42 |
5 |
| Silver bullion in the hands of the officers of the Mint 31st December, 1823 |
146,673 |
12 |
12 |
169,241 |
39 |
5 |
|
|
|
| As above |
925,432 |
1 |
5 |
1,067,808 |
82 |
0 |
|
|
|
| Comptroller’s Office, May 19, 1824. |
LUND WASHINGTON, Clerk. |
B.
The Mint of the United States in account copper purchased from the commencement of the institution to
December 31, 1823.
| 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 the 31st December, 1822, per statement marked B,
accompanying the Comptroller’s letter of February 27, 1823 |
1,553,288 |
7 |
19 |
$407,632 |
46 |
| To amount gained on coinage |
14 |
7 |
0 |
112,438 |
26 |
|
|
| By amount of rough copper and copper |
Troy weight. |
Value of copper at the rate of 7 dwts. to a ct. |
|---|
|
lbs. oz. dwt. |
|
|---|
| By amount of rough copper, and copper planchets, accounted
for from the commencement of the institution to December 31, 1822, per statement marked B, accompanying
the Comptroller’s letter of February 27, 1823 |
1,439,564 |
9 |
0 |
$481,074 |
67 |
| By amount of cents delivered by the Treasurer of the Mint to the Treasurer of the United States in the year 1823 |
35,729 |
2 |
0 |
12,250 |
00 |
|
|
|
| Amount accounted for |
1,475,293 |
11 |
0 |
493,324 |
67 |
| Balance on hand 31st December, 1823, in hands of the Treasurer of the Mint, coined |
37,039 |
10 |
13 |
12,699 |
39 |
| In hands of the chief coiner, uncoined |
40,969 |
5 |
6 |
14,046 |
66 |
|
|
|
|
1,553,303 |
2 |
19 |
520,070 |
72 |
|
|
|
| To amount of rough copper, and copper |
|
Cost of copper. |
|---|
|
|
|
|
1,553,303 |
2 |
19 |
520,070 |
72 |
|
|
|
| LUND WASHINGTON, Clerk. |
| Comptroller’s Office, 19th May 1824. |
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 deposits; and the amount gained
on the coinage of copper, from the commencement of the institution to the 31st December, viz:
| Value of gold, silver, and copper coinage up to the 31st December, 1822 |
|
|
$20,809,125 |
71 |
| Gold coins made from 1st January to 31st December, 1823, per account A |
$72,425 |
00 |
|
|
| Silver coins made from 1st January to 31st December, 1823, per account A |
895,550 |
00 |
|
|
| Copper coins made from 1st January to 31st December, 1823, per account B |
12,250 |
00 |
|
|
|
|
908,225 |
00 |
|
|
|
|
| Total value of gold, silver, and copper |
|
|
21,789,350 |
71 |
|
|
|
|
| Net charge on the coinage of gold, silver, and copper to the 31st December, 1822 |
517,217 |
88 |
|
|
| Add amount gained on the coinage of copper to the same period, |
112,433 |
26 |
|
|
|
|
|
|
|
629,651 |
14 |
|
|
| From which deduct amount wastage on gold and silver to 31st December, 1822, |
$75,931 |
38 |
|
|
|
|
| Also amount wastage from 1st January to 31st December, 1823 |
3,244 |
19 |
|
|
|
|
|
|
79,175 |
57 |
|
|
|
|
550,475 |
57 |
| Add amount disbursed on account of the establishment from 1st January to 31st December, 1823 |
21,281 |
44 |
| Add also the amount wastage on gold and silver to 31st December, 1823 |
79,175 |
57 |
|
|
| From the above deduct the amount retained from deposits to 31st December, 1822 |
$9,937 |
04 |
|
|
|
|
| Also this sum, from 1st January to 31st December, 1823 |
1,374 |
43 |
|
|
|
|
|
|
11,311 |
47 |
|
|
|
|
67,864 |
10 |
|
|
|
|
|
|
|
639,621 |
11 |
| Deduct amount gained on the coinage of copper from the commencement of the
institution to 31st December, 1823 |
|
|
112,438 |
26 |
|
|
|
|
| Net amount chargeable to the coinage of gold, silver, and copper,
from the commencement of the institution to 31st December, 1823, including the costs of lots, buildings, and machinery |
|
|
527,182 |
85 |
|
|
|
|
| LUND WASHINGTON, Clerk. |
| Comptroller’s Office, 19th May, 1824. |