seeg nee 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.