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<p>[QUOTE=&quot;medoraman, post: 1594642, member: 26302&quot;]Name one purely fiat currency in existence before 1950 Inflexion. I cannot think of any, unless you do not count copper in the Chinese monetary systems as &quot;hard assets&quot;, and I consider myself a student of monetary history. All systems befor the mid 20th century had some metal coinages included in them. CLOSE examples would be late roman coinages, (but they had gold backing to an extent), Yuan dysnaty paper money, (but had copper cash backing), etc. </p><p><br /></p><p>Maybe there has been paper only currencies, or paper currencies with token coinages, but I cannot think of any save for the two examples listed above that were close.[/QUOTE]</p><p><br /></p>

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