Gold and silver coins dominated all other forms of commodity money for three primary reasons: (1) gold and silver are harder to increase in supply relative to other commodities, (2) coinage with guaranteed size and purity makes them easier to use in transactions than raw metal, and (3) domestically issued coins have higher acceptance and liquidity than foreign coins.
causalpending
Speaker
Len AldenEvidence Quote
“coins establish dominance over all other forms of commodity money for three primary reasons first gold and silver are harder to INE increase the supply of relative to other Commodities second coinage with guaranteed size and Purity makes gold and silver easier to use in transactions third the acceptance and liquidity of coins issued domestically would generally be higher than that of foreign coins”
Created: 8/12/2026, 2:29:46 AM
My Notes
Loading notes...