seigniorage :

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seegnee uh rij

  • n  charged by a government for coining bullion

  • It will cost the Treasury theoretical money to make these metal savings, since the paper profit it makes through seigniorage will be less.
  • In other words the seigniorage will increase from 28 cents to 52 cents and there will be additional profit of 24 cents on every dollar (face value) of subsidiary coins minted.
  • The balance, called seigniorage or "free silver," amounts to some 40,000 tons.

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