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Token money   /tˈoʊkən mˈəni/   Listen
Token money

noun
1.
Coins of regular issue whose face value is greater than their intrinsic value.





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"Token money" Quotes from Famous Books



... the convention were to be legal tender, but all were to be mere trade coins precisely for the same purpose as the trade dollar once so famous in the United States. The result, of course, was to make silver the standard and gold the fluctuating money or token money. The effects of this convention remained with but little change ...
— If Not Silver, What? • John W. Bookwalter


Words linked to "Token money" :   money


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