Draft of MINT00305 (Mint 19/2/205)

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By the weight & assay of several pieces \of forreign coins/ heretofore made in the min{e}|t|, Mexico pieces of $\frac{8}{8}$ were fou (one w^th another) found worth 4^s 6^d a piece, & Sevil pieces of $\frac{8}{8}$ (old plate ) were found {illeg}|o|f the same intrinsic value. |[|And after this rate I valued them in an estimate of the intrinsic value of several foreign coins for b{illeg} for w^ch I gave in to y^e Co {C}|]| w^ch I {illeg}|f|ormerly made for y^e use of y^e Plantations in y^e West Indies. See stat. {illeg}|30| An 6. Annæ R.

Now according to t{illeg}|h|is rate 200000^li starling are worth 9) 8000000 (888888|9|4 pieces of $\frac{8}{8}$ of either Mexico or Sevil: & \wanting/ six pence over according to the intrinsic value.

Is. Newton

To the R^t Hon^ble the Earl of {&} Oxford & Ea{illeg}|rl| Mortimer L^d High Treasurer of great Britain.

May it please yo^r Lord^p

By the weigh|t| & assaa|y| of pieces of eight\forreign coins/ & {illeg} formerly made\taken/ in the Mint, I fou\Mexico/ pieces of $\frac{8}{8}$ of y^e {same} Mexico \& Sevil/ are of \{one &}/ the same intrinsic value & {illeg} & equal\one w^th another/ \are worth/ 4^s 6^d of our money one piece w^th another\sterling in intrinsic value/ And according to this value & Sevil pieces of $\frac{8}{8}$ (old plate) are of the same intrinsic value w^th those of Mexico. And acco according to this {current}\intrinsic/ value {the} eight hundred eighty eight thousand eight hundred & eighty nin{illeg}|e| pieces of {$\frac{8}{8}$} \eight/ of either Mexico or Sevil (old plate) are worth two hundred thousand pounds & six pence sterling.

All w^ch &c

Is. Newton

Exchangers reccon a piece of $\frac{8}{8}$ worth {illeg}|4|^s 3^d$\frac{51}{95}$ without distinguishing between the several sorts of pieces of $\frac{8}{8}$. Mexico & Sevli pieces new coined are worth 4. 6. Pillar pieces are worth 4^s 6^d$\frac{3}{4}$. Peru pieces are more uncertain in their value Refiners reccon the|m| {w{illeg}} scarce\not/ worth 4^s 3^d a piece one w^th another.

I{illeg} In this

\Pieces of 8 are more worn then the English/ † Pillar\S {sic}/ Pieces of {illeg}|E|ight are more worn & diminished then the english milled money & in this recconing I have made no allowance for the excess of wearing. Exchan{gers} reccon a piece of eight {illeg}|at| a par worth\with/ 4^s 3^d$\frac{51}{95}$ without {illeg}|dis|tinguishing between the several sorts of pieces of eight: for Peru pieces \of eight of Peru/ are coarse & Refiners reccon \them/ scarce worth 4^s 3^d,|.| but Peru pieces are worth 4^s 6^d$\frac{3}{4}$.