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<p>[QUOTE=&quot;Cloudsweeper99, post: 139375, member: 3011&quot;]Partly true.&nbsp; The elimination of silver coinage was the last step in a very long process of removing any intrinsic value from the money supply.&nbsp; First came the demonitization of silver, followed by gold.&nbsp; The final elimination of silver coins completed the process.&nbsp; But it is incorrect to call silver coins &quot;tokens&quot; because the silver content ensured that they had significant intrinsic value whether or not the government wanted to admit it.&nbsp; If the silver coins were &quot;tokens,&quot; they wouldn&#039;t have been hoarded, and they wouldn&#039;t still command significant value in excess of face or numismatic value.[/QUOTE]</p><p><br /></p>

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