Recoinage Definition

Recoinage Sentence Examples

• In return, the Mint receives at its nominal value for recoinage the worn gold and silver coin which is withdrawn from circulation by the Bank of England and some other banks.

• In spite of the cost of this recoinage, however, the profit on the issue of new silver and bronze usually exceeds in each year the total expenditure of the Mint.

• He had previously consulted Newton upon the subject of the recoinage, and on the opportunity occurring he appointed Newton to the post of warden of the mint.

• Newton's chemical and mathematical knowledge proved of great use in carrying out the recoinage.