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]] | ||