Liability
Surrendering his gold and getting the proceeds after coinage rearranges the balance sheet of the miner: he is relieved of his gold, half of which being his liability and receives 5 shillings in gold coins. The profit from coinage can be further enhanced through debasement.
Liability
Surrendering his gold and getting the proceeds after coinage rearranges the balance sheet of the miner: he is relieved of his gold, half of which being his liability and receives 5 shillings in gold coins. The profit from coinage can be further enhanced through debasement.
