Report on the coining of a consignment of gold from New England, with details of the quality of the metal and the expenses incurred in receiving it Isaac Newton c. 306 words The Newton Project Oxford 2017 Newton Project, University of Oxford

This metadata is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.

 4 March 1705/6, c. 306 words. Treasurer MINT 19/2/569, National Archives, Kew, Richmond, Surrey, UK UKSurreyKew, RichmondNational Archives MINT 19/2/569 4 March 1705/6 England English Holograph MintGold and Silver Coinage Catalogue information compiled by Rob Iliffe, Peter Spargo & John Young Catalogue exported to teiHeader by Michael Hawkins Transcribed by Will Scott
569377

To the RtRight HonbleHonourable the Lord High Treasurer of England.

May it please yoryour LordpLordship

In purusance of yoryour LordpsLordships verbal Order for coyning her MajtiesMajesties Gold wchwhich came from New England, the same has been opened, weighed, melted into Ingots & coyned. It was full weight, but the dust Gold was very foule & being examined with a Loadstone was found full of iron filings, & therefore in the melting lost something more then two pounds in weight, & remained very brittle. The gross weight by the Envoys was 65Lwt. 10oz. 11dwt. 5gr. The standard weight after melting & toughning was 65lwt. 10oz. 11dwt. 5gr, & being coyned it made 2944 Guineas, & 22 grains over: wchwhich after the rate of 21s 6d the Guinea & 2d the grain, amounts to 3164li. 19s. 8d., as in the Weigher & Tellers Account annexed.

The charges of sending an Officer of the Mint to Portsmouth & bringing the Gold from thence & melting the same into Ingots were 9li. 19s. 6d, as in the Bill annexed, without allowing the Officer any thing for his trouble, who in modesty would make no demand on that account. I humbly pray yoryour LordpsLordships Warrant for paying the surplus into the Exchequer.

All which is most humbly submitted to yoryour LordpsLordships

great wisdome

Is. Newton

Mint Office. 4th March 17056

In the Envoys the Gold is recconed at 5li 5s the ounce, supposing it perfectly fine, & counting a Crown piece at six shillings; wchwhich is the rate in the Plantations: & by this recconing they value the Gold is valued in yethe Envoys at 4137li. 15s. 9d. By abating one shilling in six & allowing for the wast in melting & toughning & for the want of perfect fineness, the value comes down to 3164li. 19s. 8d as above.