On the record
The true and only value, which the coins have as money, is that value which they have as metals, for uses in the arts,--that is, for plate, watches, jewelry, and the like.
Said by
Lysander Spooner
Source
gutenberg.orgLysander Spooner: “The true and only value, which the coins have as money, is that value which they have as metals, for uses in the…”
Editor's note · Context
Spooner discusses the intrinsic value of coins based on their material, rather than their currency status.
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