Draft of MINT00305 (Mint 19/2/205)
To the Rt Honble the Earl of Oxford & Earl Mortimer Lord High Treasurer of great Britain.
May it please yor Lordp
By the weight & assay of forreign coins formerly taken in the Mint, Mexico pieces of eight, one wth another, are worth 4s 6d 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 wch &c
Is. Newton.
Pieces of 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.
Source
MINT 19/2/203-4, National Archives, Kew, Richmond, Surrey, UKJune 1711, c. 142 words.