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The 1824 Mint Report

Currency:USD Category:Coins & Paper Money Start Price:130.00 USD Estimated At:200.00 USD
The 1824 Mint Report
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United States Government. MESSAGE FROM THE PRESIDENT OF THE UNITED STATES, TRANSMITTING A REPORT OF THE DIRECTOR OF THE MINT, OF THE OPERATIONS OF THAT INSTITUTION DURING THE YEAR 1824. Washington: Printed by Gales & Seaton. Feb. 5, 1825. 8vo, removed from previous binding. 9, (1) pages; 3 folding tables. Minor discoloration; near fine. The report of Samuel Moore, the fifth Director of the Mint (who served 1824-1835), transmitted by President James Monroe to the United States Congress. The written report provides some interesting commentary on the Mint’s constant struggle to obtain sufficient bullion for coinage: “Deposites of gold have been, for the last three years, inconsiderable. While gold bullion is in demand, at a premium on its standard value, for the purpose of exportation as a remittance, instead of bills at the current exchange, no adequate inducement exists to bring it to the Mint, if its value can be otherwise satisfactorily ascertained. It is obvious that, if coined and issued, under such circumstances, it cannot be retained in circulation.” The supply of silver and copper, on the other hand, were quite good. A brief table submitted by Mint Treasurer James Rush provides a breakdown of the coins struck during 1824, with three supplementary tables submitted by the Secretary of the Treasury, William H. Crawford, and signed by Clerk Lund Washington, providing data on bullion supplies, copper supply, and the total value of the coins struck by the Mint since its establishment, with notes on wastage and the amount gained on copper. A rare Mint Report.