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All Forums Category: World Coins and Currency Forums Forum: United Kingdom (Great Britain) Coins

Check Your Change, A New One I Never Knew To Look For...

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DaytR
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United Kingdom
837 Posts
 Posted 02/26/2014  5:21 pm  Show Profile   Bookmark this reply Add DaytR to your friends list Get a Link to this Reply

Quote:
Actually, mints can make money from folks collecting coins from circulation.

The term for this is called seigniorage. Seigniorage arises from the difference between the face value of the coins and the cost to produce and distribute them.


That is so true ....if no one pulled out coins from circulation the mint would have less work due to less demand for new coins and therefore eventually there would be less seigniorage as well ...
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