seigniorage

American  

[seen-yer-ij] / ˈsin jər ɪdʒ /

Or seignorage

noun

1. something claimed by a sovereign or superior as a prerogative.

2. a charge on bullion brought to the mint to be coined.

3. the difference between the cost of the bullion plus minting expenses and the value as money of the pieces coined, constituting a source of government revenue.

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seigniorage British  

/ ˈseɪnjərɪdʒ /

noun

1. something claimed by a sovereign or superior as a prerogative, right, or due

2. a fee payable to a government for coining bullion

3. the difference in value between the cost of bullion and the face value of the coin made from it

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Etymology

Origin of seigniorage

1400–50; late Middle English seigneurage < Middle French seignorage, seigneurage; see seigneur, -age

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Example Sentences

See Examples For:

seigniorage

Last year, it cost the mint 1.5 cents to produce a penny, creating what in the coin world is known as negative seigniorage.

From Salon ● Sep. 2, 2017

Bhaskar Chakravorti, of Tufts University, reckons that in America seigniorage typically brings in $20 billion a year.

From Economist ● Sep. 18, 2014

Defenders of loose change might say this is nothing more than a trivial editorial gimmick, meaningless both in a larger economic context and relative to the $488.8 million in positive seigniorage the U.S.

From Slate ● Mar. 19, 2012

The savings result from the fact that dollar coins generate more seigniorage — the government’s profit from issuing money that costs less to produce than its face value.

From Washington Post ● Mar. 16, 2012

What do you understand by the terms "legal tender"? "fiat money"? "seigniorage"? "suspension of specie payments"?

From Government in the United States National, State and Local by James Wilford Garner

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