Seigniorage
The difference between the face value of money and the cost of producing it. Over history, this has been a nice little earner for governments. However, small coins, such as the American penny, can cost more to make than they are worth.
Seigniorage
The difference between the face value of money and the cost of producing it. Over history, this has been a nice little earner for governments. However, small coins, such as the American penny, can cost more to make than they are worth.
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