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<p>[QUOTE="fatima, post: 1279395, member: 22143"]Indeed. Prior to 100% fiat money this is the only reason for government coinage of precious metals. It is a convenient assay of the metal at hand. You know the purity and weight. Hence it's easier to sell and ironically costs more than sterling whatever. Junk PMs, mainly in regard to silver and gold, really refers to the metal in any form that can't directly be used for monetary purposes. (bullion & coinage)[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1279395, member: 22143"]Indeed. Prior to 100% fiat money this is the only reason for government coinage of precious metals. It is a convenient assay of the metal at hand. You know the purity and weight. Hence it's easier to sell and ironically costs more than sterling whatever. Junk PMs, mainly in regard to silver and gold, really refers to the metal in any form that can't directly be used for monetary purposes. (bullion & coinage)[/QUOTE]
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