Difference between revisions of "Specie"
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| − | Specie are [[gold]] or [[silver]] coins. | + | '''Specie''' are [[gold]] or [[silver]] coins. |
These coins were considered more valuable than paper money because of the inherent value of the gold and silver themselves. The coins would have a stated (nominal) value but their actual market value would be different due to fluctuations in supply and demand. | These coins were considered more valuable than paper money because of the inherent value of the gold and silver themselves. The coins would have a stated (nominal) value but their actual market value would be different due to fluctuations in supply and demand. | ||
| + | [[Category:Economics]] | ||
Latest revision as of 21:18, December 14, 2009
Specie are gold or silver coins.
These coins were considered more valuable than paper money because of the inherent value of the gold and silver themselves. The coins would have a stated (nominal) value but their actual market value would be different due to fluctuations in supply and demand.
