Cryptocurrency Q&A
Is a silver coin used as a trade unit?
Is a silver coin used as a trade unit?
Thu Jan 09 2025
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I'm wondering if a silver coin can be used as a unit for trading. I'm curious about its functionality in transactions and if it's commonly accepted in exchange for goods or services.
6 answers
Sat Jan 11 2025
Trade units serve as a medium of exchange in transactions.
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Sat Jan 11 2025
A silver coin that lacks numismatic value cannot be equated with coins like the US silver eagle, Canadian maple leaf, or China panda.
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Sat Jan 11 2025
The accompanying images illustrate an example of such a trade unit.
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Sat Jan 11 2025
Specifically, the depicted trade unit showcases the obverse side of a popular US Morgan silver dollar.
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Sat Jan 11 2025
These mentioned coins possess an actual currency value beyond their metallic content.
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