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Re:I Spent A Coin (And I Liked It) — How I Bought Lunch in M... by mmatants on Sunday June 26, 2011 @01:38PM (#2698502)
Gold coins have no intrinsic value, either. Gold is just another divisible and non-perishable carrier of human-assigned value.
Re:I Spent A Coin (And I Liked It) — How I Bought Lunch in M... by baddox on Sunday June 26, 2011 @04:40PM (#2699024)
Your definition of "intrinsic value" is clearly different than mine. If no human-assigned value is intrinsic, then nothing has intrinsic value, and your definition becomes non-functional.

When I said that gold coins have intrinsic value (the same is true for copper coins, etc.), I mean that regardless of what nation minted the coin and what value appears on its face, it will always be worth at least its weight in gold.