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'coin money' is correct and usable in written English
You can use it to refer to money that has been minted. For example, "The government is coining money to fund the new project."
Exact(35)
According to ancient writers, they were the first people to coin money.
Among the first Boeotian cities to coin money (c. 550 bc), it was famed in legend for its wealth.
Bryan believed that the "right to coin money and issue money is a function of the government," and railed, most memorably, against the "cross of gold".
Their response was Article I, Section 8, Paragraph 5 of the Constitution, which reserves to Congress the power to coin money.
(The Constitution provided one in Article I, Section 8, giving Congress the power to "coin money and regulate the value thereof").
The Constitution grants to Congress the power "to coin money" and to "regulate the Value thereof" — but it does not explicitly grant an exclusive right to do such things.
Similar(25)
The ancient kingdoms of the Middle East Egyptian, Sumerian, Babylonian, Assyrian, and Hittite had no coined money.
Mr. Moore noted that these boards happily paid enormous sums to executives when mortgage desks were coining money.
But it was not until the second world war that Franco really started coining money out of his British friends.
If you didn't like the currency you could exchange it for shiny coins (money was "sound" if it rang when dropped on a counter).
A decade ago, that was a question some short-sellers were asking about Parmalat, the Italian food company that had seemed to be coining money.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com