Coiner: meaning, definitions and examples
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coiner
[ ˈkɔɪnər ]
currency creation
A coiner is a person or entity that creates coins or currency. Historically, it often referred to someone involved in the minting process, where metal coins were produced for circulation. The role of a coiner has evolved, especially with the advent of digital currency, where the term is now sometimes used to describe individuals who create new types of cryptocurrency. Coiners play a crucial role in ensuring the supply of currency, maintaining its value and integrity. They often work with governments or financial institutions to facilitate the process of currency creation.
Synonyms
currency creator, mint operator, minter.
Examples of usage
- The coiner approved the design of the new currency.
- Many coiners were involved in the minting of gold coins for decades.
- As a coiner, she understood the intricacies of currency production.
- The rise of digital coiners has changed the landscape of finance.
Translations
Translations of the word "coiner" in other languages:
🇵🇹 moeda
🇮🇳 धारी
🇩🇪 Münzmeister
🇮🇩 pencipta koin
🇺🇦 монетар
🇵🇱 monetariusz
🇯🇵 コイナー
🇫🇷 métallurgiste
🇪🇸 monedero
🇹🇷 madeni para yapımcısı
🇰🇷 화폐 제조자
🇸🇦 صانع العملات
🇨🇿 mincíř
🇸🇰 mincíř
🇨🇳 造币者
🇸🇮 kovalec
🇮🇸 myntarar
🇰🇿 монета жасаушы
🇬🇪 მონეტების შემქმნელი
🇦🇿 pul istehsalçısı
🇲🇽 creador de monedas
Etymology
The term 'coiner' originates from the late Middle English period, derived from the word 'coin', which has its roots in the Latin term 'cuneus', meaning 'wedge', referring to the shape of the dies used in minting coins. The concept of coinage dates back to ancient civilizations, where prioritized forms of currency were needed for trade and economic stability. Over centuries, as the process of minting evolved, so did the responsibilities and techniques associated with coin production. In the past, coiners were often closely associated with royal authorities, entrusted with the power to produce currency that represented the kingdom's wealth and authority. With the industrial revolution and the development of more sophisticated minting technologies, the role of a coiner transformed, incorporating methods that allowed for more standardized and efficient production. In recent years, the rise of cryptocurrencies has expanded the definition of coiner, as new digital coiners emerge in this innovative space, highlighting the evolving nature of currency itself. As technology continues to change, so does the practice and understanding of what it means to be a coiner.