Thanks for the post. The coins are meaningless unless the metal has value. Otherwise the coin is the same as the FRN. This is why we care how much gold and silver is in the coin. The value of a silver coin, for example, is based on the difficulty in mining it, how much above ground silver is available and the various usage of the silver. Otherwise a simple coin made of cheap metals may be counterfeited.
Thanks for the post. The coins are meaningless unless the metal has value. Otherwise the coin is the same as the FRN. This is why we care how much gold and silver is in the coin. The value of a silver coin, for example, is based on the difficulty in mining it, how much above ground silver is available and the various usage of the silver. Otherwise a simple coin made of cheap metals may be counterfeited.
PremierLegend 1 year ago
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PurityKontrol 2 years ago