contract coinage 上市 Deposited
1. Any made by private parties under franchise granted by a local, state, or national government. The contractors normally paid the authorities the equivalent of 10% or 15% of their gross output for the privilege, circulating the rest or selling it (often at discounts) to merchants, who spent the individual coins. Examples include state copper coinages of Vermont, Connecticut, and New Jersey. 2. Any made by private mints for other governments, paid for by the latter; the output was shipped to the ordering authority for distribution. Examples include the Hawaiian copper coinage of 1847, and more recently some issues by the Franklin Mint. 3. Any made by a national mint for a foreign government, as the Philadelphia Mint has done since the 1870s. These last groups are outside the scope of this Encyclopedia.
- Breen Encyclopedia