An account of the medals coined for the last coronation [Anne's] and the time needed to coin medals for the forthcoming one [George I's]: Newton estimates six weeks to two months
To the Rt Honble the Lords of the Committee of Councill appointed to consider of his Mats Coronation.
May it please yor Lordps
In obedience to yor Lordps Order that I should lay before yor Lordps an account of the Medalls made upon her late Mats Coronation & of the time requisite to make Medalls upon the present occasion, I most humbly represent that twelve hundred Medalls of silver & twohre hundred of gold were then made by Order of Council & delivered to the Lord Bradford Treasurer of the Houshold to be distributed at the Coronation; & that 515 medals of gold were made afterwards by Order of the Lds Commrs of the Treasuryher Mats {illeg} order signified by& my Ld Treasurers Warrt, & delivered to their speaker for the House of Commons {illeg}then sitting & delivered to their speaker & 3040 more for Forreing {sic} mMinisters were delivered to my Ld Iersey whereof those for the Agents & Consuls were single medals & the rest were double one in value. A pound weight of fine gold was then cut into twenty single medalls & a pound weight of fine silver into twenty & two medalls.
After the form of the Medalls & of his Mats Effigies is setled, it will take up about a Calendar month to make the Puncheons & three or four days more to make the Dyes & coyn the medalls by the Mill & Press. If the Impression is to rise high like that of the late Medals made upon the peace, they must be coyned in a Ring & it will take a week or or tenn days more to finish the Puncheons & coyn 1500 more to coyn 1500 medalls of this sort, every two hundred medalls taking up about a day to coyn them in this manner, & the Medalls must be weightier that there may be substance to make the Impression rise high. Sixteen Medalls of this sort will require a pound weight of fine gold & twenty a pound weight of silver. If either of the Puncheons should break (as sometimes happens) a fortnight more will be requisite for repairing the loss. And money should be advanced by my Ld Treasurer for buying Gold & Silver.
All wch is most humbly submitted to yor Lordps great wisdome
Is. Newton
King Wm crownd Apr 11. Queen Ann 23d April
Source
MINT 19/3/332, National Archives, Kew, Richmond, Surrey, UK4 September 1714, c. 403 words.