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The unpublished 1823 Mint Report
denga
Posts: 922 ✭✭✭
The American State Papers is a well-known source for the early mint reports. Some years, however,
were never printed and thus missing from these volumes. Several of these unpublished reports have
been copied and will be posted for those interested in having complete sets of such material.
.............................................Mint Report for 1823
Mint of the United States
January 1st, 1824
Sir:
I have the honor of laying before you, another Annual Report of the operations of the Mint.
From the statement of the Treasurer, herewith transmitted, it will appear, that, during the last twelve months,
there have been struck at the Mint
...............In gold coins, 14,485 pieces, amounting to ….............……$ 72,425
...............In silver coins, 2,152,000 pieces, amounting to ….............. 895,550
...............Making in the whole, 2,166,485 pieces amounting to … $ 967,975
It may not, perhaps, be deemed uninteresting to state, that of the Silver deposited at the Mint for coinage during
the last year, amounting to 1,027,719 dollars, that brought from Mexico & S. America, amounted to no less than
766,000 dollars.
It will be observed, from the above statement, as well as from former Reports, that the deposits of Gold are
becoming very inconsiderable. In fact, Gold Coins are now seldom seen in circulation. This, no doubt, is chiefly
owing to the legal relative values of Gold and Silver in the United States 15 to 1 in the pure metals of equal
weights; while in most parts of Europe, & in the West Indies, the proportion in commerce is considerably higher.
This circumstance must, therefore, operate both against the importation of Gold into the United States, and in
favor of its exportation.
........................................I have the honor to be &&
........................................Rt Patterson
[To] James Monroe
President of the United States
.........................................................................[Table]
The table is not printed here but indicates the following coinage: 14,485 half eagles, 1,694,200 half dollars, 17,800
quarter dollars, and 440,000 dimes. (There was no copper coinage in 1823.)
were never printed and thus missing from these volumes. Several of these unpublished reports have
been copied and will be posted for those interested in having complete sets of such material.
.............................................Mint Report for 1823
Mint of the United States
January 1st, 1824
Sir:
I have the honor of laying before you, another Annual Report of the operations of the Mint.
From the statement of the Treasurer, herewith transmitted, it will appear, that, during the last twelve months,
there have been struck at the Mint
...............In gold coins, 14,485 pieces, amounting to ….............……$ 72,425
...............In silver coins, 2,152,000 pieces, amounting to ….............. 895,550
...............Making in the whole, 2,166,485 pieces amounting to … $ 967,975
It may not, perhaps, be deemed uninteresting to state, that of the Silver deposited at the Mint for coinage during
the last year, amounting to 1,027,719 dollars, that brought from Mexico & S. America, amounted to no less than
766,000 dollars.
It will be observed, from the above statement, as well as from former Reports, that the deposits of Gold are
becoming very inconsiderable. In fact, Gold Coins are now seldom seen in circulation. This, no doubt, is chiefly
owing to the legal relative values of Gold and Silver in the United States 15 to 1 in the pure metals of equal
weights; while in most parts of Europe, & in the West Indies, the proportion in commerce is considerably higher.
This circumstance must, therefore, operate both against the importation of Gold into the United States, and in
favor of its exportation.
........................................I have the honor to be &&
........................................Rt Patterson
[To] James Monroe
President of the United States
.........................................................................[Table]
The table is not printed here but indicates the following coinage: 14,485 half eagles, 1,694,200 half dollars, 17,800
quarter dollars, and 440,000 dimes. (There was no copper coinage in 1823.)
0
Comments
<< <i>(There was no copper coinage in 1823.) >>
Does that mean the large cent with that date wasn't struck in that date?
<< <i>
<< <i>(There was no copper coinage in 1823.) >>
Does that mean the large cent with that date wasn't struck in that date? >>
Yes, it was probably struck the following year (1824) although 1825 is possible.
Consider that early 19th century silver coins lived hard lives in circulation and were subject to exportation and melting.
For coins like the 1907 Indian Head cent, however, there are probably many, many circulated coins in hoards, accumulations and collections all over the place.
Check out the Southern Gold Society
<< <i>For coins like the 1907 Indian Head cent, however, there are probably many, many circulated coins in hoards, accumulations and collections all over the place. >>
Survival of the 1907 Indian cent is estimated at 3,000,000 by the Red Book's Guide Book of Flying Eagle and Indian Head Cents. That's a 500-fold difference from the Coinfacts estimate of 6,000. Perhaps the answer is somewhere in between?
<< <i>In the PCGS coinfacts, the total survival rate for all 1823 large and small date dimes is 450. That means only 0.1% have survived. Further, Coinfacts states only 58 1823 dated dimes exist in mint state 60 grade or higher- Are these numbers correct? Seems like the survival rate is way to low? >>
eBay has 53 1823 dimes listed at the moment. The estimated survival of 450 is too low, maybe by a factor of 10. I think most silver coinage of that time period has an overall survival of somewhere around 1-1.5%