premelting Mexican dollars, averaged
0.20759 per cent
Loss in Melting
Do in
Oparing
Do in Annealing
Gain in Rolling & Cutting
0.486136 per cent
0.012154
·0.013835
4
The pre-melting is chargeable to Importer.
The remainder amounting to
0.608488 per cent is
what would be under proper working,
it
has reduced
the seignorage : best in the present Case during free coinage the balance due to the Treasury from
$9960.190 to $7954.9, showing
a total loss of $2002.9 (which includes
10 oz: part
44
being
test pieces
373
sent to London) but this will be largely decreased by the Silver now in process of reclamation from the pots which already
reaches about 200 ounces,
about 0.1 per cent,
reducing the loss
Repeating the probable loss in the case of coining old into new dollars, the loss on pre-melting has at present averaged 2 per Mille, say probable future average 1/2 to 2 per Mille - Net loss in Converting Silver to Hongkong dollars - viz: Melting into bars also loss in Coining assaying &c has already been reclaimed
Calculating what has already been reclaimed from the old Pots &c has reduced the loss to about 5 per mille
In recoining Mexican dollars I think we shall be able to save the pre-melting expenses and I purpose trying