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<p>[QUOTE="klippenberger, post: 2625303, member: 33785"]The point was the difference between commodity coins and fiat coins. I’ll try to explain it better. Yes, for the most part the set contains modern coins but the key word is fiat.</p><p><br /></p><p>Let me explain it in terms of United States quarters. The last year the US made a silver quarter for circulation was in 1964. The US silver quarter of 1964 would be classified as a commodity coin since the silver value of the coin was worth a quarter when the coin was made. So even if you melted down the coin it had a quarter worth of metal in it in 1964 dollars. In 1965 the US switched to a clad quarter which would be classified as a fiat coin. Meaning that if you melted down a 1965 quarter the value of the metal was worth significantly less than a quarter in 1965 dollars. Both quarters are modern coins but one is a commodity coin and the other is a fiat coin. I hope this helps. Please let me know if you have any other questions for me.[/QUOTE]</p><p><br /></p>
[QUOTE="klippenberger, post: 2625303, member: 33785"]The point was the difference between commodity coins and fiat coins. I’ll try to explain it better. Yes, for the most part the set contains modern coins but the key word is fiat. Let me explain it in terms of United States quarters. The last year the US made a silver quarter for circulation was in 1964. The US silver quarter of 1964 would be classified as a commodity coin since the silver value of the coin was worth a quarter when the coin was made. So even if you melted down the coin it had a quarter worth of metal in it in 1964 dollars. In 1965 the US switched to a clad quarter which would be classified as a fiat coin. Meaning that if you melted down a 1965 quarter the value of the metal was worth significantly less than a quarter in 1965 dollars. Both quarters are modern coins but one is a commodity coin and the other is a fiat coin. I hope this helps. Please let me know if you have any other questions for me.[/QUOTE]
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