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Virginia Argus
Richmond, Virginia
What is this article about?
On January 5, 1809, President Thomas Jefferson submits the mint director's report to Congress, detailing coin production for the previous year: 1,368,000 silver pieces worth $684,300, 58,288 gold pieces worth $284,665, and 1,509,000 copper pieces worth $13,000, totaling 2,935,888 pieces valued at $982,055. Bullion deposits exceed $250,000, with ample supply expected from Philadelphia banks.
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To the Senate and House of Representatives of the United States.
I communicate for the information of Congress, the report of the director of the mint of the operation of that establishment during the last year.
TH: JEFFERSON.
January 5, 1809.
From the statement of the treasurer of the mint, it appears that during the last year there have been struck at the mint:
Dollars.
1,368,000 pieces of silver coin, amounting to 684,300
58,288 pieces of gold coin, amounting to 284,665
And, 1,509,000 pieces of Copper coin, amounting to 13,000
2,935,888 pieces, amounting in the whole to 982,055
The gold and silver bullion at this time in the mint, deposited for coinage, amounts to upwards of 250,000 dollars. There is good ground to believe that even in the present embarrassed state of commerce, the banks of the city of Philadelphia alone, will be able to furnish an ample supply of bullion for a long time to come.
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Where did it happen?
Domestic News Details
Primary Location
Philadelphia
Event Date
January 5, 1809
Key Persons
Outcome
1,368,000 pieces of silver coin amounting to 684,300 dollars; 58,288 pieces of gold coin amounting to 284,665 dollars; 1,509,000 pieces of copper coin amounting to 13,000 dollars; total 2,935,888 pieces amounting to 982,055 dollars; gold and silver bullion deposited upwards of 250,000 dollars
Event Details
President Jefferson communicates the director of the mint's report on operations during the last year, including coins struck and bullion deposits, noting ample supply from Philadelphia banks despite commercial embarrassments.