By John Thomassen for American Numismatic Society (ANS) …… Link to Part I As we continue our exploration of miscellaneous paper issues from the United States, we trek further into the world of the odd, the strange, the comical, and the confusing. Let’s dive straight in with two examples of one of the most well-known […]
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Aren’t Disney dollars and other currencies offered by entertainment venues as an alternate to cash a form of seignorage by which the issuer benefits?
Souvenir scrip can be purchased at a theme or entertainment park at face value. The scrip can later be redeemed by spending it at that venue. This is a novel way of creating seignorage for the issuer since many people will simply keep the scrip as a souvenir rather than spend it