The Allies, therefore, did not capture as much silver for themselves as was often supposed. The Master of the Mint, Isaac Newton, stated in June 1703 that the total metal handed in to him by that date was 4504 lb 2 oz of silver (~2,043 kg), and 7 lb 8 oz and 13 dwt of gold (~3.4 kg), estimated at a value of just £14,000. Coins subsequently struck from these metals bore the word "VIGO" below Anne's bust, and are rare and valuable.