SEIGNIORAGE n.
mint to be coined; the difference between the cost of a mass of bullion and the value as money of the pieces coined from it. If government, however, throws the expense of coinage, as is reasonable, upon the holders, by making a charge to cover the expense (which is done by giving back rather less in coin than has been…
SHILLING n. 2 definitions
A silver coin, and money of account, of Great Britain and its dependencies, equal to twelve pence, or the twentieth part of a pound, equivalent to about twenty-four cents of the United States currency.
SHIP n.
orks upon ships. -- Ship letter, a letter conveyed by a ship not a mail packet. -- Ship money (Eng. Hist.), an imposition formerly charged on the ports, towns, cities, boroughs, and counties, of England, for providing and furnishing certain ships for the king's service. The attempt made by Charles I. to revive and en…