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>>"Gold coins can be minted at multiple places, or admitted foreign, because their value is gold by weight." If the value of the coin come from the gold in it,
by RobertoG 7y ago
>>"Gold coins can be minted at multiple places, or admitted foreign, because their value is gold by weight."
If the value of the coin come from the gold in it, why mint them instead of using the gold directly?
- dwighttk 7y ago(imperfect) stamp of quality and amount
- nine_k 7y agoGold was used directly, too, as ingots, and as bullion (check out the gold rush of 1849). But coins show the insignia of the state (and usually the monarch) that minted it; this is an important symbol, and also a guarantee of purity and weight, at least nominally.