Seigniorage - Seignorage - Seigneurage
Arizona Coin Collector
It is often good to remind yourself of certain terms
like the word "Seigniorage". The U.S. Mint makes a
profit. However, they still end up paying out for the
production of the 1-cent penney, and 5-cent nickel.
Copper and Zink prices are going up again as the demand
for these metals increase.
---------------------------------------------------
Seigniorage also spelled seignorage or seigneurage, is the
net revenue derived from the issuing of currency.
Seigniorage derived from specie - metal coins - arises from
the difference between the face value of a coin and the cost
of producing, distributing and retiring it from circulation.
Seigniorage derived from notes is more indirect, being the
difference between interest earned on securities acquired
in exchange for bank notes and the costs of producing and
distributing those notes.
Seigniorage is an important source of revenue for some
national banks.
In macroeconomics, seigniorage is regarded as a form of
inflation tax, as paying for government services by issuing
new currency (rather than collecting taxes paid out of the
existing money stock) has the effect of creating a
de facto tax that falls on those who hold the existing
currency, as a result of its effective devaluation through
the introduction of additional money.
..
Tony Clayton
> Hello
>
> It is often good to remind yourself of certain terms
> like the word "Seigniorage". The U.S. Mint makes a
> profit. However, they still end up paying out for the
> production of the 1-cent penney, and 5-cent nickel.
>
> Copper and Zink prices are going up again as the demand
> for these metals increase.
>
> ---------------------------------------------------
>
> Seigniorage also spelled seignorage
The latter is the normal spelling in GB English, but the OED gives the former
as an alternative.
> or seigneurage
The Old French version.
The word derives from seigneur: a feudal lord or lord of the manor.
Seignorage also means something claimed by a sovereign or feudal lord as
a prerogative.
--
Tony Clayton tony.cla...@pem.cam.ac.uk
Coins of the UK : http://www.coins-of-the-uk.co.uk
Sent using RISCOS using VirtualAcorn-SA running on a PC
... If you want something done properly, kill Baldrick first.
mazorj
"Tony Clayton" <to...@tclayton.demon.co.uk> wrote in message
news:a19a50b250%to...@tclayton.demon.co.uk...
> In a recent message "Arizona Coin Collector" <nos...@nospam.com> wrote:
>
>> Hello
>>
>> It is often good to remind yourself of certain terms
>> like the word "Seigniorage". The U.S. Mint makes a
>> profit. However, they still end up paying out for the
>> production of the 1-cent penney, and 5-cent nickel.
>>
>> Copper and Zink prices are going up again as the demand
>> for these metals increase.
>>
>> ---------------------------------------------------
>>
>> Seigniorage also spelled seignorage
>
> The latter is the normal spelling in GB English, but the OED gives the
> former as an alternative.
>
>> or seigneurage
>
> The Old French version.
>
> The word derives from seigneur: a feudal lord or lord of the manor.
>
> Seignorage also means something claimed by a sovereign or feudal lord as a
> prerogative.
Which in some cases included "first rights" to deflower any bride on her
wedding day. (Or worse. Anyone remember the setting for the Mel Brooks
movie line "It's good to be the king"?) This also was the subject of a
movie years ago set in some area recently conquered by invaders, maybe the
Normans. The groom objected to the laird's claim to his new bride and spent
the rest of the plot getting his revenge with some sort of peasants' revolt.
(No, it wasn't "Brave Heart". It was well before that. IIRC, it may have
starred Kirk Douglas or some other macho male lead of that period.)
Mike Marotta
You don't mean THE VIKINGS with Kirk Douglas and Tony Randall?
http://www.imdb.com/title/tt0052365/
(Ernest Borgnine ahead of McHale's Navy and Janet Leigh... I can
still hear the horns....)
Mike M.
Michael E. Marotta
"Passing for a Saracen:"
mazorj
"Mike Marotta" <mer...@torchlake.com> wrote in message
news:f7616339-ac05-4356...@j19g2000yqk.googlegroups.com...
I want to say yes, except the plot summary is grossly deficient so I can't
find any reference to the "first night" thing. The keyword list also
suggests that this was the one, but again, it's not conclusive.