18th Congress.
No. 731
2d Session.

OPERATIONS OF THE MINT.

Communicated to the House of Representatives February 25, 1825.

Treasury Department, February 23, 1825.

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 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 which the settlements made at the Treasury afford.

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

WM. H. CRAWFORD.

Hon. H. Clay, 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, 1823; the amount deposited from January 1 to December 31, 1824; 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 of December, 1824, 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 on the 31st of December, 1823 820  17  20 $14,588  14  5
Gold bullion deposited from January 1 to December 31, 1824 4,931 12 00 87,672 37 0
Amount deposited in the Bank of the United States on the 31st of  

Total, 5,752 09 20 102,260 51 5


Amount paid for deposits of gold from January 1 to December 31, 1824 93,207 06 5
Amount deposited in the Bank of the United States on the 31st of December, 1824 1,065 69 0
Balance in the hands of the Treasurer of the Mint on the 31st of December, 1824 1,440 79 5

95,713 55 0
Deduct as follows:
Amount in the hands of the Treasurer and in the Bank of the United States on the 31st December, 1823 2,513 55 0

93,200 00 0

Gold coins made at the Mint from January 1 to December 31, 1824 — 17,340 half eagles, 2,600 quarter eagles 5,242 10 00 93,200 00 0
Allowances to the chief coiner for wastage for same period 10 18 14 194 29 5
Gold bullion in the hands of the officers of the Mint on the 31st December, 1824 499 01 06 8,866 22 0


5,752 09 20 102,260 51 5


SILVER.
Balance of silver bullion remaining in the hands of the officers of the Mint on the 31st December, 1823 146,673 12 12 169,241 39 5
Silver bullion deposited from January 1 to December 31, 1824 1,634,012 09 00 1,885,398 02 0


1,780,686 01 12 2,054,639 41 5


Amount paid for deposits of silver from January 1 to December 31, 1824 1,753,167 27 5
Amount deposited in the Bank of the United States on the 31st December, 1824 237 16 5

1,753,404 44 0
Deduct as follows:
Amount in the Bank of the United States on the 31st of December, 1823 927 44 0

1,752,477 00 0

Silver coins made from January 1 to December 31, 1824 — 3,504,954 half dollars 1,518,813 08 00 1,752,477 00 0
Allowances to melter and refiner and chief coiner for wastage for same period 3,319 00 05 3,829 62 5
Silver bullion in the hands of the officers of the Mint December 31, 1824 258,553 13 07 298,332 79 0


1,780,686 01 12    2,054,639 41 5


LUND WASHINGTON, Clerk.
Comptroller’s Office, February 22, 1825.

B.

The Mint of the United States in account for copper purchased from the commencement of the institution to December 13, 1824.

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, 1823, per statement marked B, accompanying the Comptroller’s letter of the 20th May, 1824 1,553,303  2 19 $407,632  46
To cost of 91 casks of copper purchased of William Harrol, of Birmingham, in the 4th quarter of 1823, received per the ship Montezuma, 15 tons, 1 cwt. 1 qr. 7 lbs. 41,011 1 15 10,039 81
To loss in exchange in remittance to Wm. Harrol on account of the purchase of copper 773 23
To amount gained on coinage 115,686 47
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 31st December, 1823, per statement marked B, accompanying the Comptroller’s letter of the 20th May, 1824 1,475,293 11 00 $493,324  67
By amount of cents deposited by the Treasurer of the Mint to the credit of the Treasurer of the United States in the year 1824 45,135 5 00 15,475 00


Amount accounted for 1,520,429 4 00 508,799 67
Balance on hand 31st December, 1824, in hands of the Treasurer of the Mint:
Coined 28,712 9 13 9,844 39
Uncoined 41,011 1 15 14,061 25
Chief coiner, uncoined 4,161 1 6 1,426 66


1,594,314 4 14 534,131 97

To amount of rough copper, and copper Cost of copper.


1,594,314  4 14 534,131  97

LUND WASHINGTON, Clerk.
Comptroller’s Office, February 22, 1825.

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 of December, 1824, viz:

Value of gold, silver, and copper coinage up to December 31, 1823 $21,789,350 71
Gold coins made from January 1 to December 31, 1824, per account A $93,200 00
Silver coins made from January 1 to December 31, 1824, per account A 1,752,477 00
Copper coins made from January 1 to December 31, 1824, per account B 15,475 00

1,861,152 00

Total value of gold, silver, and copper 23,650,502 71

Net charge on the coinage of gold, silver, and copper, to December 31, 1823 572,182 85
Add amount gained on the coinage of copper to the same period 112,438 26

639,621 11
From which deduct:
Amount wastage on gold and silver to December 31, 1823 $79,175 57
Also, amount wastage from January 1 to December 31, 1824 4,023 92

83,199 49

556,421 62
Add amount disbursed on account of the establishment from January 1 to December 31, 1824 22,044 93
Add, also, the amount wastage on gold and silver to December 31, 1824 83,199 49
From the above deduct:
The amount retained from deposits to December 31, 1823 $11,311 47
Also, this sum from January 1 to December 31, 1824 1,872 27½

13,183 74½

70,015 74½

648,482 29½
Deduct the amount gained on the coinage of copper from the commencement of the institution to December 31, 1824 115,686 47

Net amount chargeable to the coinage of gold, silver, and copper, from the commencement of the institution to December 31, 1824, including the costs of lots, buildings, and machinery 532,795 82½

LUND WASHINGTON, Clerk.
Comptroller’s Office, February 22, 1825.