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Definition of Token money
1. Noun. Coins of regular issue whose face value is greater than their intrinsic value.
Lexicographical Neighbors of Token Money
Literary usage of Token money
Below you will find example usage of this term as found in modern and/or classical literature:
1. The Nineteenth Century (1889)
"Taking ' token' money in the accepted meaning of the term—that is, ... Obviously,
then, so far as token money is concerned, it is the duty of a government ..."
2. Principles of Economics by Henry Rogers Seager (1917)
"token money is money which is issued for use as small change in connection with
minor transactions. It is usually made of a baser metal than the standard ..."
3. The Principles of Money by James Laurence Laughlin (1903)
"CHAPTER XV LAWS OF token money He [Lowndes] was not in the least aware that a
piece of metal with the King,s head on it was a commodity of which the price ..."
4. Foreign Exchange by Albert Conser Whitaker (1919)
"The features of a perfected system of token money. —Not all countries have brought
the administration of their token moneys into entire conformity with ..."
5. Principles of Economics: Being a Revision of Introduction to Economics by Henry Rogers Seager (1913)
"Of the eight kinds of money of the United States, gold coins alone are standard
money. Minor coins and silver dollars are token money. The five varieties of ..."
6. Money and Credit Instruments in Their Relation to General Prices by Edwin Walter Kemmerer (1907)
"CHAPTER VII CONVERTIBLE PAPER AND CONVERTIBLE token money The principles underlying
... Convertible paper may be considered as convertible token money whose ..."
7. The Encyclopedia Americana: A Library of Universal Knowledge (1920)
"token money, a name in numismatics applied to pieces of money current only by
sufferance and not coined by the authority of the state or government. ..."
8. Report of the Monetary Commission of the Indianapolis Convention of Boards by James Laurence Laughlin, Indianapolis monetary commission, Monetary Commission (1898)
"THE LAWS OF token money. 42. The recourse in recent years of several great
countries to what has been termed the "limping gold standard" presents several ..."
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