Show IllS i UMirn srAirs JIIM Ibo Director or tho mint Submits Ills iiiiuul Itcport WASHINGTON Nov iJamoi 1 KImball Director of the Mint linn submitted to the Secretary of the Treasury MB I annual report f rJeI J gr the fiscal your ended Juno 0 1880 While the volume of work executed at the mints during the year was greater ho toys han that of the previous year the total ex enditures were less by 1J7039 Tho coinage of gold during tho year mounted to 31077J80 against 2486114 III tho previous your Iho silver coInage mounted to WO 012317 against 2884895J In tho preceding year Of the coinage of tho year 29833903 onsistod of silver dollars and tho remain dor of subsidiary coin In addition to gold and Hiher coinage 1700051 minor coins were truck off of the value of 17377052 Thin total coinage was 33331CJ2 pieces of the alue of 01117105 In addition to tho coin ago value of tho gold and sll ver tbo bars manufactured during the year amounted to 7203032 At lice Jt r gt thin passage of the act uthonng tho coinage of the standard dollar February 281878 the London price of the Silver dollar l was 86i pence equal to 1 20 per ounce file at winch price the intrinsic value of the silver dollar was 935 At no time since has tho price of silver reached 55 pence the tendency having been cnuilv downward with occasional tempo racy advances During tho past year the oolino has boon very marked On July 1 885 the price I of siUcr in doll pence British standard equal to 18 per ounce fine while on Juno oU 1880 tho puce of sihcr reached 4J pence equivalent to 93 per notice fine whIch was tho lowest price over reached At the latter prIce tLe bullion alnc of tho silver dollir is 712 The price has emeu advanced l until on October 201 lit li-t was 431 10 ponce equivalent to 9878 per ou Iho value of gold and silver wasted in the operative depirtuicnts of the mint during tue year was S19 MJ Tho v clime of gold bullion imported into tics United States during thu year was 1 0731 8 exported > 7Gl5OOJ I i rite import frl gold ooin into tho United btates was 10 U5J891 exported 1 GHOOl Iho import of silver bullion during the your was 1151433 exported 510780050 of which v3 > 4818 consisted tfe trade dollars I The Director estimate tho amount of United States coin in the United States July jot 1836 to have been Gold 548320OJh liver J0378IJ 1 lotal 8710I rl In addition to tho coin there was gold and sil ver bullion in tho milts and assay offices bo onuing to the Government as follows Gold mlUon < 12151 lluQ silver bullion i31G builol iO making tbu estimated stuck of coin and mlllon available for coinage in the tinted Stales K107 OI In addition to lice do luctionof fcJOOOUOOO from the estimate of hue predecessor of tho stock of gold coin mho m-ho country undo in hits last report tbo Di color has made a further deduction of JJO Jl 095 for errorS in the early estimates making the total from his predecessor1 es liuato 0321CJ I Iho productiun of gold and silver lu lice world during tho calendar year 1881 was Gold JlOl0000 silver circulated at its coin value nearly l00l000 1 JotMthstanding time large do ireeiiition Inc tho value of silver the pro luctionof silver in tho world has increased The United States still preserves the firs ank among the nations of the world as the ft dlrSso largest producer of precious metals its production pro-duction of gold and silver during tho year having reached tho sum of SJ 100000 or about 25 i of tho production of the whole world Iho oomago of cold by the nations of tho world during tho calendar year amounted to about 91000003 and of silver to about J7000000 Tim report contains I aluablo fund of information in-formation acquired through our foreigi representative from tho principal nation of tho world in regard to the production consumption and movement of the precious metals mid lice standards of vnlno und coins of tho different countries |