Draft of MINT00305 (Mint 19/2/205)

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By the weight & assay of several pieces of forreign coins heretofore made in the minet, Mexico pieces of $\frac{\mathrm{8}}{\mathrm{8}}$ were fou (one wth another) found worth 4s 6d a piece, & Sevil pieces of $\frac{\mathrm{8}}{\mathrm{8}}$ (old plate ) were found {illeg}of the same intrinsic value. [And after this rate I valued them in an estimate of the intrinsic value of several foreign coins for b{illeg} for wch I gave in to ye Co C] wch I {illeg}formerly made for ye use of ye Plantations in ye West Indies. See stat. {illeg}30 An 6. Annæ R.

Now according to t{illeg}his rate 200000li starling are worth 9) 8000000 (88888894 pieces of $\frac{\mathrm{8}}{\mathrm{8}}$ of either Mexico or Sevil: & wanting six pence over according to the intrinsic value.

Is. Newton

To the Rt Honble the Earl of & Oxford & Ea{illeg}rl Mortimer Ld High Treasurer of great Britain.

May it please yor Lordp

By the weight & assaay of pieces of eightforreign coins & {illeg} formerly madetaken in the Mint, I fouMexico pieces of $\frac{\mathrm{8}}{\mathrm{8}}$ of ye same Mexico & Sevil are of one & the same intrinsic value & {illeg} & equalone wth another are worth 4s 6d of our money one piece wth anothersterling in intrinsic value And according to this value & Sevil pieces of $\frac{\mathrm{8}}{\mathrm{8}}$ (old plate) are of the same intrinsic value wth those of Mexico. And acco according to this currentintrinsic value the eight hundred eighty eight thousand eight hundred & eighty nin{illeg}e pieces of $\frac{\mathrm{8}}{\mathrm{8}}$ eight of either Mexico or Sevil (old plate) are worth two hundred thousand pounds & six pence sterling.

All wch &c

Is. Newton

Exchangers reccon a piece of $\frac{\mathrm{8}}{\mathrm{8}}$ worth {illeg}4s 3d$\frac{\mathrm{51}}{\mathrm{95}}$ without distinguishing between the several sorts of pieces of $\frac{\mathrm{8}}{\mathrm{8}}$. Mexico & Sevli pieces new coined are worth 4. 6. Pillar pieces are worth 4s 6d$\frac{\mathrm{3}}{\mathrm{4}}$. Peru pieces are more uncertain in their value Refiners reccon them w{illeg} scarcenot worth 4s 3d a piece one wth another.

I{illeg} In this

Pieces of 8 are more worn then theEnglish † PillarS {sic} Pieces of {illeg}Eight are more worn & diminished then the english milled money & in this recconing I have made no allowance for the excess of wearing. Exchangers reccon a piece of eight {illeg}at a par worthwith 4s 3d$\frac{\mathrm{51}}{\mathrm{95}}$ without {illeg}distinguishing between the several sorts of pieces of eight: for Peru pieces of eight of Peru are coarse & Refiners reccon them scarce worth 4s 3d,. but Peru pieces are worth 4s 6d$\frac{\mathrm{3}}{\mathrm{4}}$.