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[Page 5]
Value of Copper
Boultons Table of Value of Copper
| If a Ton Costs | £100.6.8 | a Pound will Cost | £0.0.10¾ |
| 102.13.4 | 0.0.11 | ||
| 105 | 0.0.11¼ | ||
| 107.6.8 | 0.0.11½ | ||
| 109.13.4 | 0.0.11¾ | ||
| 112 | 0.1.0 | ||
| 114.6.8 | 0.1.0¼ | ||
| 116.13.4 | 0.1.0½ | ||
| 119 | 0.1.0¾ | ||
| 121.6.8 | 0.1.1 |
March 11
Last Report to the King on Woods halfpence 1724 July 4
Woods halfpence
A Pound of Copper wrought into bars or Fillets & made fit for Coinage before it is brought into the mint of the Tower at London is worth 18 pence. Always Costs as much & is Coind into 23 pence of Copper money.
by this Report it appears that a supervisor was put by the Treasury over the Patentee who was paid 200 a year & that a Pix was kept in which a Portion of the Coin was put while it was making The Remedy was 1/60 a pound was made into 6 halfpence.
Report from R. Walpole &c to the Lords Commees
6th May
Sir I Newton states the intrinsic value of a Pound of Copper to be 13 pence & says that /5d more is paid to the manufacturer who makes it into Fillets before it is brought to the mint.
Mr. Boulton says he must have £42 a Ton for the Coinage of halfpence & Farthing in the usual Proportion.
Copper in all these proposals Estimited [Estimated] at £106 per Ton
We are to put Copper Coin into Circulation at 16d a Pound which is per Ton - £149.6.8
Cost of it
Copper with 2 per ct. Commission 108.2.0)
Coining 37.6.8) 151.6.0
Circulating 6.0.0)
Less 2.2.0