Coin Devaluation Term
Mark A Mandel
mam at THEWORLD.COM
Thu Apr 4 18:30:05 UTC 2002
On Thu, 4 Apr 2002, Grant Barrett wrote:
#I cannot for the life of me remember the phrase we discussed some time ago
#that is used to describe the situation in which the face value of a coin is
#worth less than the metal contained to make the coin, usually resulting in
#the coins disappearing as they are sold for scrap.
(face value) - (specie value) = seigneurage, the sovereign's markup (not
counting costs of labor). So, negative seigneurage? Try an archive
search for "coin" or "face value".
-- Mark A. Mandel
Linguist at Large
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