Illustrated history of the United States mint: with a complete description of American coinage, from the earliest period to the present time
History
Illustrated history of the United States mint: with a complete description of American coinage, from the earliest period to the present time
Coinage -- United States; Mints -- United States
Not accounted for and not presented for redemption;
employed in the arts; specimen pieces in the hands
of coin collectors, carried out by emigrants, and
in miscellaneous deposits of coin remelted at mints, etc. $284,587
GROSS PROFITS ON SILVER COINAGE IN 1887.
The seignorage or immediate gross profit on the coinage of silver
dollars—that is, the difference between the cost of the bullion and the
nominal value of the coins—during the fiscal year 1887, was $7,923,558.61.
The seignorage on subsidiary coin manufactured during the year was
$31,704.94, of which $1,130.65 was gained from the recoinage of old
subsidiary coins in the Treasury.
The total seignorage on the silver coinage during the fiscal year was
$7,955,263.55.
As stated in last fiscal report, the balance of silver profits remaining
in the coinage mints on the 1st July, 1886, amounted to $553,201.44.
Adding to this the seignorage of the year, the total gross silver profits
to be accounted for by the mints is $8,508,464.99.
Of this there was paid for expenses of distributing silver coin
$35,059.03, and reimbursed for wastage and loss on sale of sweeps
$20,294.88.
The seignorage on the coinage of silver at the mints of the United States
from July 1, 1878, to the close of the fiscal year ended June 30, 1887,
has amounted to $39,057,566.90.
Tabulated Statement of Expenditures of the Mint at Philadelphia, for the
Fiscal Year ended June 30, 1887.
-----------------------------------------+-----------
Items. | Amount.
-----------------------------------------+-----------
Acids | $7,149.28
Belting | 315.07
Charcoal | 1,873.42
Chemicals | 832.58
Coal | 16,332.20
Copper | 13,585.00
Crucibles, covers, stirrers, and dippers | 3,712.72
Dry goods | 1,198.97
Fluxes | 3,560.91
Freight and drayage | 252.12
Gas | 4,098.78
Gloves and gauntlets | 5,930.40
Hardware | 957.01
Ice | 613.45
Iron and steel | 205.91
Labor and repairs | 3,417.82
Loss on sale of sweeps | 1,301.15
Lumber | 2,109.74
Machinery and appliances | 2,617.49
Metal work and castings | 1,697.61
Oil | 1,047.12
Salt | 117.56
Stationery, printing and binding | 773.42
Sundries | 6,230.61
Telegraphing | 28.87
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