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seigniorage, seignorage|ˈseɪnjərɪdʒ|
Also 6 s(e)ignowrage, 8 seignourage, 5, 9 seigneurage.
[a. OF. seignorage, seigneurage (mod.F. has seigneuriage), f. seigneur: see seigneur, seignior, and -age. Cf. It. signoraggio.]
†1. Lordship, dominion. Obs.
1656Blount Glossogr. 1798W. Taylor in Monthly Mag. V. 353 Opinions of hereditary right..must either be allowed to establish their superstitions (the monarchy or seigniorage of certain families),..or must be coerced in the exercise of their claims. 1820J. H. Wiffen Aonian Hours (ed. 2) 47 Her [Europe's] throne has been an armed seignorage.
2. A duty levied on the coining of money for the purpose of covering the expenses of minting, and as a source of revenue to the crown, claimed by the sovereign by virtue of his prerogative.
1444Rolls of Parlt. V. 109/1 Wherof our Soverein Lord to have and take for his Seigneurage vii d in nombre. 1543tr. Act 9 Hen. V Stat. ii. c. 2 Payeng y⊇ seignowrage & cunage of golde after the rate of .v.s. for the pounde of the tower. Ibid., With the signowrage and coynage as afore is sayde. 1658Phillips. 1695Locke Further Consid. Money 84 This at least they were not mistaken in, that they brought Work to the Mint, and a Part of the Money coined to the Crown for Seigniorage. 1797Monthly Mag. III. 352 Delivering out, without deduction for seignorage, duty, workmanship, or even waste, the full value of all bullion brought in to be coined. 1805Earl of Liverpool Treat. Coins 102 Augmentation of revenue was expected from the additional profits, which would in such case arise, from the right of Seigneurage. 1880Del Mar Hist. Prec. Metals 125 The royalties, seignorages, convoy-duties, and other impositions..which the Portuguese monarchs levied upon the gold product of Brazil. 1885Manch. Exam. 7 Apr. 4/5 The proposal often made of deducting a seigniorage from the intrinsic value of the coinage. 1891Daily News 6 Nov. 3/5 Any profit which the State gets from note circulation, seigneurage, and the like.
3. A duty claimed by the over-lord upon the output of certain minerals, a royalty.
a1859Macaulay Hist. Eng. xxv. V. 265 With that domain they had as little to do as with the seignorage levied on tin in the Duchy of Cornwall.
¶4. Alleged to signify: ‘Profit’ (Webster 1847–54); ‘The money paid on a copyright by a publisher to an author’ (Webster 1864, marked ‘Eng.’). Cf. lordship n. 6, royalty 6 e.
†5. attrib. seigniorage fine, a royalty paid to the over-lord in return for the concession of a privilege. Obs.
1800Asiat. Ann. Reg. 318/1 Perhaps a seigniorage fine to government for permission to sink a new well. |