Definition of Sweating coins

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TeachMeFinance.com - explain Sweating coins




historic definition...

Sweating coins -- This is a name for an illegal process by which a percentage of the metal in gold and silver coin is taken away. The method employed is to place a number of coins in a bag and shake them roughly until a portion of the metal is worn off by abrasion by friction. The dust thus obtained is sold and the coins are put into circulation again.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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