brassage

[bras-ij, brah-sij]

noun

1. a charge to cover the costs of coining money.

Word History and Origins

Origin of brassage¹

1800–10; < French ( droit de ) brassage the stirring of molten metals prior to casting, equivalent to brass ( er ) to stir (melted metal), literally, to brew ( brasserie ) + -age -age

Example Sentences

There would also be a small fee or "brassage," of, say, 1 per cent. for "coinage," i. e., for depositing the bullion and obtaining its paper circulating representative.

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However, it needs no arguing that with free coinage, and either very low or no brassage charges, the value of bullion and of coin will, quality for quality and weight for weight, be virtually identical, within a narrow range of variation.

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If the brassage charge were much larger than the charges made by reputable and well-known jewelers for assaying and weighing, etc., there would be a large substitution of bars for coins, and the mints would have little to do.

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From what has gone before, as to the possibility of an agio, I conclude that the United States, England, Canada, and possibly France, would be unable to make large brassage charges.

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