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[Page 6]
have been are too frequently made to perform the functions of Silver Coins may prove to be the case tho it will not be discovered till the recoinage of the Silver money shall have been compleated.
Let us assume suppose then that the whole amount of Copper Mint Tokens supposd by the officers of the mint to be in circulation will be are presented for exchange which may be the case if the selections determined upon shall mint but a small proportion of counterfeit of that they are paid for to the holders in Bank notes The account will Stand they admitting however that the weight of the Copper which originaly was 1200 Tons is diminishd about 1/6 & will therefore produce only 1000 Tons of saleable Copper
[insert 7 row table here]
| Value of Tokens per Tale | 257,598 | |
| Cost of collecting sorting interest of money & all contingencies by guess at 2½ per cet. | 6,439 | |
| 264,037 | ||
| Value of 1000 Tons of Copper at £112 | 112,000 | |
| deduct for waste charge of melting &c. | 10,000 | |
| taken at £10 a Ton | 102,000 | |
| Total loss | 162,037 |
The deductions allowed on these calculations are certainly very vague we have not at present the materials necessary to make them accurate cannot be obtained but by experiment. They cannot however in any case materialy enlarge the gross amount & it must be remembered that by incurring the charge whatever it may be of calling in the good Mint Copper the Circulation