The coinage, another institution for facilitating commerce, in many countries, not only defrays its own expense, but affords a small revenue or a seignorage to the sovereign.
A small seignorage or duty upon the coinage of both gold and silver, would probably increase still more the superiority of those metals in coin above an equal quantity of either of them in bullion.
In England, no duty or seignorage is paid upon the coinage, and he who carries a pound weight or an ounce weight of standard gold bullion to the mint, gets back a pound weight or an ounce weight of gold in coin, without any deduction.
In France, however, though theseignorage is eight per cent.
Unless then the bank should be obliged to pay their notes in bullion or coin, at the will of the holder, the late law which allows a seignorage of 6 per cent.
Say recommends that the seignorage should vary according to the quantity of business that the mint might be called upon to perform.
To a moderate seignorage on the coinage of money there cannot be much objection, particularly on that currency which is to effect the smaller payments.
The directors of the bank, however, would probably be unwilling to agree to the imposition of a seignorage upon the authority of a speculation which promises them no gain, but only pretends to insure them from any loss.
But if there had been a seignorage of two per cent.
The above list will hopefully give you a few useful examples demonstrating the appropriate usage of "seignorage" in a variety of sentences. We hope that you will now be able to make sentences using this word.
