markitect-main/examples/infospace-with-history/output/entities/mint-price.md

Mint Price

Definition

The official price at which the mint will coin bullion into currency, which Smith uses as a reference point for discussing the relationship between market prices and official valuations of precious metals.

Source Chapter

Book I, Chapter 5

Context

Smith uses mint price as a benchmark for comparing market prices of gold and silver, showing how market prices fluctuate around this official valuation.

Economic Domain

Regulation

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