In the opening of the Mint, the value slightly exceeded $382,000, the loss to Government being considerable.
5
436
$1,480,339 with a resulting profit of $18,823, including profit on alloy in Subsidiary coinage.
16.
No 3 gives the monies coined at the Mint for the Public on which Seignorage was charged. This return may be regarded as the true test of public patronage bestowed on the Mint and is specially important because it is on that patronage, of course, that its final success must depend. The resulting profit exhibited by that Table amounts to coinage of $978,000.
No II is the most compendious summary of State disappointment at the reluctance of the Public to call for the subsidiary coinage, (No 328 § 12. 8919) though "a priori" one might have expected a most extensive demand for a currency so essential to Public convenience in neighbouring Countries where small broken pieces of silver wrapped in paper are still, as at Macao and Canton, the ordinary medium of exchange.
The total value of all the monies coined at the Mint since its opening is equivalent to only $7,089. On a former occasion, it was reported that in this city, at least, that barbarous custom no longer prevails.