Community post
Difference Between Currency and Storing Value
People when they talk about money they think of cash in their pockets or savings in a bank. Currency at its inception was a form of receipt that showed proof of ownership of a commodity. This receipt was used to store value or labour. Does your local currency store any value?
Pre 1967 Canadian Dollar
Value of $12.75 if melted down for its metals (silver).
Post 1967 Canadian Dollar
Face value of $1 or approximately 0.1-0.2 cents if melted down for its metals.
What value do you own?
-Keep steeming! History tends to repeat itself.
images retrieved from:
http://www.coinsandcanada.com/coins-prices.php?coin=1-dollar-1967&years=1-dollar-1935-1986
http://www.coinsandcanada.com/coins-prices.php?coin=1-dollar-1972&years=1-dollar-1953-1986
Replies (1)
Hey STEEM friends I kept this short, but I think it serves its point. Cheers!