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# Bank of England Coinage Burden

## Definition

The disproportionate share of annual coinage costs borne by the Bank of England due to its role as the primary institution bringing bullion to the mint. This burden could be significantly reduced through the implementation of appropriate seignorage.

## Source Chapter

Book IV, Chapter 6

## Context

Smith identifies the Bank of England as bearing the primary cost of annual coinage, particularly when currency degradation requires extensive recoinage. He argues that proper seignorage could reduce this burden while providing revenue to the government.

## Economic Domain

Regulation

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