Minting financial definition of Minting
Also found in: Dictionary
Related to Minting: minting money
The process of making coins. Minting generally consists of pressing pieces of metal with images. These images usually show the denomination of the coin, contain security features, and may say something about the country minting it. For example, the reigning monarch of the United Kingdom appears on all British coins. Coins generally are minted in small denominations, but this is not always the case.
References in periodicals archive
The Royal Canadian Mint, an ISO 9001-2000 certified company, is the Crown Corporation responsible for the minting
and distribution of Canada's circulation coins.
Last year, the privately-owned Birmingham Mint, which claims to be one of the most efficient minting
operations in the world, produced a ten per cent return - a profit of pounds 3.
As we have seen, the state's concentration on minting
gold coinage served effectively to immobilize circulation of English currency.