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Copper Pence at 17 to the lb.
| Cost of Copper Per Ton |
106. 0. 0 |
| Commission for Purchasing 2 per lb |
2. 2. 0 |
| Dies Coining &c. |
37. 6. 8 |
| Expence of Circulating |
6. 0. 0 |
| Contingencies not provided for |
|
| |
151. 8. 8 |
| Value of a Ton of Pence at 16/17 of an ounce could depose each |
158.13. 4 |
| Profit |
7. 4. 8 |
Not much above the Contingencies & the possible Rise of Copper.
Estimating a pound avordupoise [avoirdupois] at 7000 grains Troy a Penny Peice 17 to the Pound will weigh 411 7/10 grains.
An ounce avordupoise weighs 437 5/10 grains.
2 Standard halfpence weigh 304 5/10 grains
Probable Contingencies
Cask per Ton says Mr. Boulton - £0.17. 0
Warehouse Room
Carting to & from Ware house
A Kings Clerk to check the Coiner
Wood Clerk had in 1724 200 a year
A distributor in Each great Town?
Mr. Boulton says that Coinage will stand in one medium of water & Land about /1d per Ton Per mile. Will the Bankers in the Larger Towns of England be inclind to receive & disperse the Copper Peices on a moderate Premium.
[In margin]
March 18
In Mr. Boultons Letter inclosing his Proposals he says that he has already purchasd more than 200 Tons of Copper at 106.
The cost being - £21,200
Commission at 2 per Ton - 400
21,600
Mr. Boulton engages in the same letter to find warehouse room at Birmingham.
Will it not be fair to say Every turn in