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<p>[QUOTE=&quot;medoraman, post: 3722526, member: 26302&quot;]Soldiers saved his coins as good luck tokens. He was very much revered by all Roman soldiers. No one hoarded them as value because they were not as valuable innately as any other Roman silver at the time. Hoard finds near battle sites and forts reinforce that this coin was saved by soldiers for decades, but not because its silver content was good, but because it was bad and merchants didn&#039;t want them but the soldiers felt affection to him.</p><p><br /></p><p>You are concentrating on a few special cases, (Athenian owls, Roman coins at their peak). Move forward a couple of hundred years in Rome. How well did those coins work as a store of value after 100 years? How did all of the Greek cities coins work? If you were not in that city, the money changers devalued the coins in terms of spending power. Same is true today, local money is local, you lose if taking it somewhere else. However, 3rd century Roman coins still managed to be effective for what they were used, to save up chicken money to buy an ox. They were still money, even if horribly debased. Even if money is not in pm, or not equal to melt value, it still functions as a &quot;store of value&quot; for the timeframe intended, (maybe 10-20 years). </p><p><br /></p><p>&quot;Store of value&quot; means being able to save up for a big purchase, or sell something and buy many small things, over a long period of time and not risk your &quot;money&quot; rotting, dying, etc. If all of your life savings is in a cow, it doesn&#039;t help if it dies. If your life savings are artichokes, it just rotted away the next season. Since metals were already being used as a store of value, they naturally were looked at as the medium for money when it was invented, but it was never meant to be 500 year timeframes. Money needs to be a store of value for its use, which is facilitating commerce.[/QUOTE]</p><p><br /></p>

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