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Seigniorage - Seignorage - Seigneurage
Hello
It is often good to remind yourself of certain terms like the word "Seigniorage". The U.S. Mint makes a profit. However, they still end up paying out for the production of the 1-cent penney, and 5-cent nickel. Copper and Zink prices are going up again as the demand for these metals increase. --------------------------------------------------- Seigniorage also spelled seignorage or seigneurage, is the net revenue derived from the issuing of currency. Seigniorage derived from specie - metal coins - arises from the difference between the face value of a coin and the cost of producing, distributing and retiring it from circulation. Seigniorage derived from notes is more indirect, being the difference between interest earned on securities acquired in exchange for bank notes and the costs of producing and distributing those notes. Seigniorage is an important source of revenue for some national banks. In macroeconomics, seigniorage is regarded as a form of inflation tax, as paying for government services by issuing new currency (rather than collecting taxes paid out of the existing money stock) has the effect of creating a de facto tax that falls on those who hold the existing currency, as a result of its effective devaluation through the introduction of additional money. ... |
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#2
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Seigniorage - Seignorage - Seigneurage
In a recent message "Arizona Coin Collector" wrote:
Hello It is often good to remind yourself of certain terms like the word "Seigniorage". The U.S. Mint makes a profit. However, they still end up paying out for the production of the 1-cent penney, and 5-cent nickel. Copper and Zink prices are going up again as the demand for these metals increase. --------------------------------------------------- Seigniorage also spelled seignorage The latter is the normal spelling in GB English, but the OED gives the former as an alternative. or seigneurage The Old French version. The word derives from seigneur: a feudal lord or lord of the manor. Seignorage also means something claimed by a sovereign or feudal lord as a prerogative. -- Tony Clayton Coins of the UK : http://www.coins-of-the-uk.co.uk Sent using RISCOS using VirtualAcorn-SA running on a PC .... If you want something done properly, kill Baldrick first. |
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Seigniorage - Seignorage - Seigneurage
*It was well before that. *IIRC, it may have
starred Kirk Douglas or some other macho male lead of that period.)- You don't mean THE VIKINGS with Kirk Douglas and Tony Randall? http://www.imdb.com/title/tt0052365/ (Ernest Borgnine ahead of McHale's Navy and Janet Leigh... I can still hear the horns....) Mike M. Michael E. Marotta "Passing for a Saracen:" |
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Seigniorage - Seignorage - Seigneurage
"Mike Marotta" wrote in message ... It was well before that. IIRC, it may have starred Kirk Douglas or some other macho male lead of that period.)- You don't mean THE VIKINGS with Kirk Douglas and Tony Randall? http://www.imdb.com/title/tt0052365/ (Ernest Borgnine ahead of McHale's Navy and Janet Leigh... I can still hear the horns....) Mike M. Michael E. Marotta "Passing for a Saracen:" I want to say yes, except the plot summary is grossly deficient so I can't find any reference to the "first night" thing. The keyword list also suggests that this was the one, but again, it's not conclusive. |
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