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Seigniorage
Seigniorage Seign"ior*age, n. [F. seigneuriage, OF.
seignorage.]
1. Something claimed or taken by virtue of sovereign
prerogative; specifically, a charge or toll deducted from
bullion brought to a mint to be coined; the difference
between the cost of a mass of bullion and the value as
money of the pieces coined from it.
If government, however, throws the expense of
coinage, as is reasonable, upon the holders, by
making a charge to cover the expense (which is done
by giving back rather less in coin than has been
received in bullion, and is called ``levying a
seigniorage'), the coin will rise to the extent of
the seigniorage above the value of the bullion. --J.
S. Mill.
2. A share of the receipts of a business taken in payment for
the use of a right, as a copyright or a patent.
seigniorageBrassage Bras"sage, n. [F.]
A sum formerly levied to pay the expense of coinage; -- now
called seigniorage.
Meaning of Seigniorage from wikipedia
-
Seigniorage /ˈseɪnjərɪdʒ/, also
spelled seignorage or
seigneurage (from Old
French seigneuriage 'right of the lord (seigneur) to mint money'), is the...
- as off-budget and on-budget receipts. Off-budget
receipts consist of
seigniorage, the
difference between the
receipts from the
Federal Reserve System...
- supply) and others.
There is also
Wrapped Bitcoin (WBTC), see BitGo.
Seigniorage-style coins, also
known as
algorithmic stablecoins,
utilize algorithms...
-
noticeable cost to the mint
which peaked at more than 2¢, a
negative seigniorage, for the $0.01 face-value coin. This
pushed the mint to look for alternative...
- government-owned corporations,
sovereign wealth funds,
sales of ****ets, or
seigniorage)
Government borrowing Money creation How a
government chooses to finance...
- coin), and the
difference in
production cost and face
value (called
seigniorage)
helps fund the
minting body. Conversely, a U.S.
penny ($0.01) cost $0...
-
History of
coins Key date Mint-made
errors Numismatics Proof coinage Seigniorage Shapes Token coin
Toning VAM (Morgan and
Peace dollar die varieties)...
-
hedge Modern monetary theory Money creation Money supply Network effect Seigniorage Silver coin
Silver standard See
Monetary economics for
further discussion...
- circulation, the Mint used
economic models to
estimate the
additional seigniorage the
program would produce.
These estimates established a
range of $2...
-
system Monetary economics Money bag
Money management Non-monetary
economy Seigniorage Slang terms for
money Social capital Universal basic income Velocity...
