free coinage

noun

Definition of free coinage

1a : the conversion of bullion of any specified metal into legal-tender coins for any person who chooses to bring it to the mint
b : such coinage when done at a certain fixed charge proportionate to the cost of the operation — compare brassage, seignorage
2 : legal-tender coins made by free coinage

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Cite this Entry

“Free coinage.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/free%20coinage. Accessed 29 Jul. 2021.

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