Draft of MINT00305 (Mint 19/2/205)

<203r>

To the R^t Hon^ble the Earl of Oxford & Earl Mortimer Lord High Treasurer of great Britain.

May it please yo^r Lord^p

By the weight & assay of forreign coins formerly taken in the Mint, Mexico pieces of eight, one w^th another, are worth 4^s 6^d sterling in intrinsic value, & Sevil pieces of eight (old plate) are of the same intrinsic value with those of Mexico. And according to this value, eight hundred eighty eight thousand eight hundred & eighty nine pieces of eight of either Mexico or Sevil (old plate) are worth two hundred thousand pounds & six pence sterling.

All w^ch &c

Mint Office.
Iune 8^th 1711.

Is. Newton.

Pieces of $\frac{8}{8}$ are more worn then the English milled money, & I have made no allowance for the difference of wearing.

<204v>

The value of Mexico & Sevil Dollars.