The spelling cole was also used.

Why is it called minting money. The stamping usually refers to the identity of each country. When we say wed like more money what were really saying is wed like more wealth. Up until 1990 old banknotes used to be incinerated in the Bank headquarters itself to provide fuel for heating.

This thread is archived. Seigniorage is the revenue governments derive because the cost of minting coins or printing paper money is less than the market value of the money. Grifters Coming out swinging wow.

However since they changed their heating system in the early 2000s banknotes are now sent for composting treatment to improve the soil for agriculture. Money may not grow on trees but money can be used to make trees grow. Is it still called minting when referring to bank notes or is it for coins only.

Croesus King of Lydia was the first king to mint coins 600-610 BC. Posted by 5 years ago. This is part of the reason why over 130 million was invested in a project named Basis in.

After washing the blanks travel to the upsetting mill. As a result the coin is struck more than once by the coin dies and this creates the multiple marks on the coin. Is it still called minting when referring to bank notes or is it for coins only.

Why is it called minting. Increasing the amount of money does nothing to increase the amount of wealth or more plainly the amount of stuff in the world. The problem is if we all have more money collectively were not going to be any more wealthy.