- something claimed by a sovereign or superior as a prerogative.
- a charge on bullion brought to the mint to be coined.
- 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.
Origin of seigniorage
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
Examples from the Web for seigniorage
What are the advantages and disadvantages of a seigniorage tax?Manual of References and Exercises in Economics
Frank A. Fetter
It was again and still further for the protection of gold that the seigniorage was increased to 7.48 per cent.The History of Currency, 1252 to 1896
William Arthur Shaw
The scarcity of wheat and flour was an ever-present theme; the oppression of autocracy and seigniorage, another.Orphans of the Storm
It is on this principle that paper money circulates; the whole charge for paper money may be considered a seigniorage.The Value of Money
Benjamin M. Anderson, Jr.
Seigniorage is the right the ruler or state has to charge for coinage, or it is the charge made for coinage.The Principles of Economics
Frank A. Fetter
- something claimed by a sovereign or superior as a prerogative, right, or due
- a fee payable to a government for coining bullion
- the difference in value between the cost of bullion and the face value of the coin made from it
Word Origin and History for seigniorage
mid-15c., from Old French seignorage, from seignor (see seignior).
Online Etymology Dictionary, © 2010 Douglas Harper