Money and Silver coin

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Difference between Money and Silver coin

Money vs. Silver coin

Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context. Silver coins are possibly the oldest mass-produced form of coinage.

Bullion coin

A bullion coin is a coin struck from precious metal and kept as a store of value or an investment, rather than used in day-to-day commerce.

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Coin

A coin is a small, flat, (usually) round piece of metal or plastic used primarily as a medium of exchange or legal tender.

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Coinage of India

Coinage of India, issued by imperial dynasties and middle kingdoms, began anywhere between the 1st millennium BCE to the 6th century BCE, and consisted mainly of copper and silver coins in its initial stage.

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Face value

The face value is the value of a coin, stamp or paper money, as printed on the coin, stamp or bill itself by the issuing authority.

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Fineness

The fineness of a precious metal object (coin, bar, jewelry, etc.) represents the weight of fine metal therein, in proportion to the total weight which includes alloying base metals and any impurities.

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Fungibility

In economics, fungibility is the property of a good or a commodity whose individual units are essentially interchangeable.

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Gold coin

A gold coin is a coin that is made mostly or entirely of gold.

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Grain (unit)

A grain is a unit of measurement of mass, and in the troy weight, avoirdupois, and Apothecaries' system, equal to exactly.

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Market liquidity

In business, economics or investment, market liquidity is a market's feature whereby an individual or firm can quickly purchase or sell an asset without causing a drastic change in the asset's price.

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Precious metal

A precious metal is a rare, naturally occurring metallic chemical element of high economic value.

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Silver standard

The silver standard is a monetary system in which the standard economic unit of account is a fixed weight of silver.

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Store of value

A store of value is the function of an asset that can be saved, retrieved and exchanged at a later time, and be predictably useful when retrieved.

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