Catalogue Entry: MINT00619

'Observations upon the Estimate of the neat profit of coyning 1500 Tunns of Copper into half pence & farthings'

Author: Isaac Newton

Source: MINT 19/2/322, National Archives, Kew, Richmond, Surrey, UK

[Normalized Text] [Diplomatic Text]


On a proposal made to the Commissioners for Trade and Plantations to coin 1,500 tons of copper for the Americas in five years. Newton considers this impracticable as no more than 80-100 tons is needed to meet demand. Detailed calculations of the potential profit from coining 1,500 tons. Remarks on the importance of maintaining the standard of copper used, to which end the coiner should not be allowed to supply the metal himself.

Draft of PRO, CO5/866, no. 17(i) (printed in Calendar of State Papers Colonial: American and West Indies, 1712-14, 330 and NC, 6: 99-100).

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