> An interesting alternative to consider, is money that intentionally depreciates value at a fixed rate ("demurrage" [1]). This is exactly property of coins (g

> An interesting alternative to consider, is money that intentionally depreciates value at a fixed rate ("demurrage" [1]). This is exactly property of coins (gold, silver or copper). Even without debasement (like clippage) they were loosing value as they were worn out as a result normal usage. Money changers were exchanging worn out/damaged/clipped coins at current market value minus some comission.