To my understanding, sovereigns, half sovereigns, and other British gold coins are legal tender sterling coins, and as such not assets. The profit for the government comes from the seigniorage that is, from a tax added to the total price of the coins (metal content and production costs), that a customer of the mint has to pay to the mint.
- Forums
- Commodities
- gold coins
To my understanding, sovereigns, half sovereigns, and other...
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GOLD (COMEX) to my watchlist
The Watchlist
SS1
SUN SILVER LIMITED
Gerard O'Donovan, Executive Director
Gerard O'Donovan
Executive Director
SPONSORED BY The Market Online