coinage


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coinage

1. coins collectively
2. the act of striking coins
3. the currency of a country

Coinage

 

the manufacture, or minting, of coins. Initially coins were minted by private individuals (in Russia these people were known as livtsi and serebrianiki). Subsequently the manufacture of coins became a state monopoly and was carried out at state mints. In the USSR coins of small denominations are minted at the Mint of the Ministry of Finance of the USSR in Leningrad: nickel-silver coins in denominations of 1 ruble and 50, 20, 15, and 10 kopecks are minted there, as are brass coins in denominations of 5, 3, 2, and 1 kopeck.

In the ancient world coins were made of pure gold and silver (Greece) or their alloy (Lydia). Later copper alloys were added to the coin metal. An increase in the amount of alloy above the fixed standard led to the debasement of coins. When monometallism was practiced, full-value gold or silver coins were minted, whose face value equaled the value of their metal content. With the development of capitalism most countries reached a fixed standardization for assaying currency metals. In minting less than full value coins of small denominations, copper and silver were gradually replaced by nickel and bronze alloys.

References in classic literature ?
To supply the demand, the General Court passed a law for establishing a coinage of shillings, sixpences, and threepences.
But it was only the mint-master's honest share of the coinage.
Not confining himself to theory, or permitting his faculties to rust, even at that early age, in mere abstract speculations, this promising lad commenced usurer on a limited scale at school; putting out at good interest a small capital of slate-pencil and marbles, and gradually extending his operations until they aspired to the copper coinage of this realm, in which he speculated to considerable advantage.
Why don't you change the basis of your coinage, then?
My pocketbook is stuffed with the old coinage, and it's a stubborn thing.
In place of the usual deer-skin belt, he wore around his body a tarnished silken sash of the most gaudy colours; the buck-horn haft of his knife was profusely decorated with plates of silver; the marten's fur of his cap was of a fineness and shadowing that a queen might covet; the buttons of his rude and soiled blanket-coat were of the glittering coinage of Mexico; the stock of his rifle was of beautiful mahogany, riveted and banded with the same precious metal, and the trinkets of no less than three worthless watches dangled from different parts of his person.
He accepted the tea, and one piece of the damask, and one of the pieces of gold, which had a fine stamp upon it, of the Japan coinage, which I found he took for the rarity of it, but would not take any more: and he sent word by my servant that he desired to speak with me.
Many have adopted Nietzsche's mannerisms and word- coinages, who had nothing in common with him beyond the ideas and "business" they plagiarised; but the superficial observer and a large portion of the public, not knowing of these things,--not knowing perhaps that there are iconoclasts who destroy out of love and are therefore creators, and that there are others who destroy out of resentment and revengefulness and who are therefore revolutionists and anarchists,--are prone to confound the two, to the detriment of the nobler type.
Von Reden's approach considers the role coinage played in the increasing monetization of the Mediterranean world.
Stephen Deng, Coinage and State Formation in Early Modern English Literature, Early Modern Cultural Studies 1500-1700 (New York: Palgrave Macmillan, 2011).
British Museum Anglo-Saxon coins I; early Anglo-Saxon gold and Anglo-Saxon and continental silver coinage of the North Sea area, c.
He sought to improve the poor state of Britain's coinage, and after several years of effort obtained a contract in 1797 to produce the first British copper coinage in a quarter century.