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<p>[QUOTE=&quot;GDJMSP, post: 3598985, member: 112&quot;]Well, it appears this is the key to the whole discussion -</p><p><br /></p><p><br /></p><p><br /></p><p>The definitions and word usage of seigniorage that you&#039;re using in the rest of your post - yeah, it&#039;s one of the definitions - but that definition is only used in a modern sense. Take a look at what you see at the link below -</p><p><br /></p><p><a href="https://www.google.ca/search?as_q=&amp;as_epq=seigniorage&amp;as_oq=&amp;as_eq=&amp;as_nlo=&amp;as_nhi=&amp;lr=&amp;cr=&amp;as_qdr=all&amp;as_sitesearch=&amp;as_occt=any&amp;safe=images&amp;as_filetype=&amp;as_rights=" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.google.ca/search?as_q=&amp;as_epq=seigniorage&amp;as_oq=&amp;as_eq=&amp;as_nlo=&amp;as_nhi=&amp;lr=&amp;cr=&amp;as_qdr=all&amp;as_sitesearch=&amp;as_occt=any&amp;safe=images&amp;as_filetype=&amp;as_rights=" rel="nofollow">https://www.google.ca/search?as_q=&amp;as_epq=seigniorage&amp;as_oq=&amp;as_eq=&amp;as_nlo=&amp;as_nhi=&amp;lr=&amp;cr=&amp;as_qdr=all&amp;as_sitesearch=&amp;as_occt=any&amp;safe=images&amp;as_filetype=&amp;as_rights=</a></p><p><br /></p><p>But the vast majority of all definitions for seigniorage are exactly what I said - the difference between the face value of a coin and the metal content, plus production costs. And that&#039;s the definition that has been used for literally as long as coins have existed. It&#039;s even used when talking about the paper money the US govt. produces today. Even the modern commems that the US mint makes, the money (profit) that other organizations make as a result of the commems being made is not ever referred to as seigniorage. That profit is referred to as surcharge, and that&#039;s it.</p><p><br /></p><p>And I&#039;ll be honest, I&#039;ve never even heard of anybody using the word seigniorage the way the author you quoted used it. But yeah, there&#039;s a couple of definitions listed at that link where it used that way.[/QUOTE]</p><p><br /></p>

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