
Debasement
Practice of lowering the intrinsic value of coins

Practice of lowering the intrinsic value of coins
A debasement of coinage is the practice of lowering the intrinsic value of coins, especially when used in connection with commodity money, such as gold or silver coins, while continuing to circulate them at face value. A coin is said to be debased if the quantity of gold, silver, copper or nickel in the coin is reduced.
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