In a literal sense, “coining money” refers to the act of manufacturing coins by stamping metal . The [U.S. Mint] is responsible for coining money in the United States.
Figuratively, and more commonly in everyday language, “to coin money” means to earn or accumulate a significant amount of wealth quickly and easily.
In the context of government and monetary policy, “coining money” is a power held by the federal government, specifically Congress, in the United States. This power includes the authority to regulate the value of money and foreign coins, as well as to fix the standard of weights and measures.
- Literal: Physically producing coins by stamping metal.
- Figurative: Making a large amount of money rapidly.
- Governmental Context: The power granted to a government (like the U.S. Congress) to create and regulate currency.
What does it mean by coin money?
Good point! Make a great deal of money easily or very quickly. For example, With a monopoly on the market he could coin money, or These highly motivated realtors just about enable the agency to mint money. This hyperbolic expression dates from the mid-1800s.
What does the constitution say about coining money?
Article I, Section 8, Clause 5: [ The Congress shall have Power . . . ] To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures ; . . .
What does it mean when money is coined?
To make or gain money rapidly. Those who own stock in that restaurant chain are coining money.
What does it mean when you coin something?
Other forms: coins; coined; coining. If you coin a phrase, that means you come up with a new way to say something, like the person who coined “webizens” to describe people who constantly use the Internet. The verb coin literally refers to making coins, the change you probably have in your pocket.