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# Mint Price Versus Market Price Relationship

## Definition

The economic relationship between the official mint price of bullion and its market price, which can diverge due to factors such as currency degradation, transportation costs, and market conditions. This relationship reveals important information about monetary stability and market efficiency.

## Source Chapter

Book IV, Chapter 6

## Context

Smith analyzes how mint prices and market prices for bullion interact, using this relationship to demonstrate the effects of currency degradation and the importance of maintaining monetary stability. The divergence between these prices reveals underlying economic conditions.

## Economic Domain

Exchange

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