[Modern Economic Problems by Frank Albert Fetter]@TWC D-Link book
Modern Economic Problems

CHAPTER 5
18/42

$392,000 Bullion recovered, by-products, old materials, etc...

143,000 Profits on seigniorage, subsidiary silver............

3,013,000 Profits on seigniorage minor coinage and recoinage...

2,387,000 -- -------- Total receipts.......................................$5,935,000 _Expenditures_: All kinds............................................$1,138,000 -- -------- Net revenues from mint service.....................$4,797,000 Sec.5.

#Worn coins and Gresham's law.# Coins may be light-weight as the result of another cause--namely, the abrasion (wearing off) of the coins in circulation.


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