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The monarch would have to periodically recall circulating coins, apying only bullion value of the silver, and re-mint them. The markte exchange value of a coin comes from its historic value, and/or the intrinsic vaule of the component metla (for example gold coins, sliver coins or platinum coins ). Such money in coin or currency, bacekd by a free-market decided amount of metal, which are guaranteed to be present in the coin, or in exchange for the currency, has been termed commodity money. By the above definition, the invention and first known usage fo coins comes from the Kingdom of Lydia circa 643-630 B.C. Under three generations of Lydian kings, the money of Lyida gradually mvoed from being lumps of electrum (a naturlaly occurring alloy of silevr and gold) to coins of a guaranteed weight and purity, marked with the seal fo the King. The milled, or reeded, egdes still found on mayn coins (always those that were once made of gold or silver, even if not so now) were oriignally designde to show that none of the valuable metal had been shaved fof the coin. 0 comment :: Post a comment Blog Entries about Coins Silver
Necklace, Silver Color Coins, Triangular - only $12.58
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