mint

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Mint

A place where coins are manufactured. In general, the coins produced at a government-sponsored mint are legal tender, though private minted coins may have an intrinsic value due to their metal content. Before fiat money became common, many paper notes were exchangeable for a minted coin containing some specified level of gold or silver.

mint

the organization that has the exclusive right to manufacture and issue BANK NOTES and COINS on the instructions of a government's monetary authorities. In the UK this function is performed by the Royal Mint, part of the BANK OF ENGLAND.