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VOCABULARY TERM: SEIGNORAGEHere's another entry from Dick Johnson's Encyclopedia of Coin and Medal Terminology. -Editor Seignorage. A profit from the manufacture of coins; the difference between the face value and the total cost of production including the cost of bullion or material and the cost of striking. When all coins were no longer struck in precious metals – gold and silver – and became clad tokens, the amount of seignorage increased dramatically. Historically when orders for coins were given to private minters, the cost for striking the coins was called brassage, as one shilling for every 12 struck.
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Wayne Homren, Editor The Numismatic Bibliomania Society is a non-profit organization promoting numismatic literature. See our web site at coinbooks.org. To submit items for publication in The E-Sylum, write to the Editor at this address: whomren@gmail.com To subscribe go to: Subscribe All Rights Reserved. NBS Home Page Contact the NBS webmaster 
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