coinage

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Related to coinages: Coined term

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.
The coinage of such phrases was considered strokes of genius.
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.
Coinages This soldier has lived the value of discipline and honour, and yet he often lets go of these virtues.
In fact, the coinages of Muslim Egypt (and of the Syrian areas controlled by dynasties based in Egypt) are the subject of one of the deepest historiographies in Islamic numismatics.
They discuss such topics as understanding the earliest coinages, the heroic image and the portrait coinages of Lykian dynasts, dating on coins as a Phoenician invention, the iconography of succession under the late Seleucids, and the emergence of the Greco-Baktrian and Indo-Greek kingdoms.
A particularly intriguing issue that has so far been impossible to resolve is whether references within these texts to local, pure gold coinages at the West African towns described myth or reality.