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.
References in periodicals archive ?
During a period of some thirty years spanning the late sixteenth and early seventeenth centuries, the mint had essentially been in the hands of a single man, Richard Martin, whose responsibilities covered the entire process of making, checking, and accounting for the coin produced, including appointing a jury of experienced goldsmiths to assay newly minted coins.
When the Treasury deposits newly minted coins at Federal Reserve Banks, it receives credit to its checking account, and thus the government is able to make budgeted expenditures without additional borrowing, in the amount of the face value of the newly deposited coins less their production cost (which amount we call "seigniorage").(6)