More detailed account of the value of Mexican and Seville coins taking wear into account Isaac Newton c. 401 words The Newton Project Oxford 2016 Newton Project, University of Oxford

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 After 14 June 1711, c. 401 words. Treasurer

Printed in NC, 5: 162-3, and see T. 27/19.361, MINT01030, for the Treasury's order, printed in NC, 5:162 (no. 849), dated 14 June 1711, to draw up this report.

 MINT 19/2/195, National Archives, Kew, Richmond, Surrey, UK UKSurreyKew, RichmondNational Archives MINT 19/2/195 After 14 June 1711 England English Holograph Unknown Hand Unknown Hand (1) MintEconomic Theory and Legislation MintCorrespondence Catalogue information compiled by Rob Iliffe, Peter Spargo & John Young Catalogue exported to teiHeader by Michael Hawkins Transcribed by Will Scott Will Scott finished transcription

To the RtRight HonbleHonourable the Earl of Oxford & Earl Mortimer, Lord High Treasurer of great Britain

May it please your LordpLordship

Vpon the annexed Proposal shewed me by SrSir Lambert Blackwel by yoryour LordpsLordships Order for setling the real value of Mexico Dollars to be received at Port Mahon: I humbly represent that these Dollars are worth 11oz. 1dwt finea penny wtweight worse than sterling & weigh 1712dwt one wthwith another when fresh out of the Mint & are then worth 4s 6d a piece in their intrinsic value, & if a grain orabout two grains be abated for the wearing of some of them they will be worth about 4s 534d a piece. In this valuation SrSir Lambert agrees wthwith me very nearly: for he tells me that 1000 Dollars of this sort are found by Merchants to weigh 872 ounces Troy, within an ounce or two over or under, (& at this rate a Dollar weighs 17dwt 10gr at a Medium)

[Sevil Dollars (old plate) were worth 4s 6d a piece when fresh out of the Mint, but are now much diminished by wearing, & Sevil Dollars new plate are of a lighter species being worth but 3s 7d or 3s 7d14 a piece. The Pillar pieces of eight are finer but more worn then the Mexico, & but few in number, the Peru pieces are coarser & most worn & diminished. After the Mexico Dollars are told out of the baggs they may be weighed by a thousand at a draught for ascertaining their value more exactly & an account account may be taken of them by persons deputed on both sides, & the weights by wchwhich they are weighed may be compared exactly wthwith our weights Troy by the same persons. [If an eaven number of Dollars suppose eight or nine hundred thousand be borrowed] The interest at 5 per cent may be recconed also in dollars & both interest & principal paid either in Dollars or in bullion [at such a rate as shall be agreed upon]. And I further humbly represent that Spanish Dollars are valued in London as bullion, that is a If these Dollars should be brought to London they may be weighed at the Mint & received as bullion 1dwt worse then standard or if they are received by tale at Port Mahon they may be valued at 4s 195 252