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token money

British  

noun

  1. coins of the regular issue having greater face value than the value of their metal content

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

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“By the same token, money and respect were more than enough consolation for having a pack of insecure neurotics dislike me.”

From Forbes ● Aug. 7, 2015

The result, of course, was to make silver the standard and gold the fluctuating money or token money.

From If Not Silver, What? by John W. Bookwalter

Rather, token money is the child of prices.

From The Value of Money by Benjamin M. Anderson

This feeling often leads to the use of a currency without value, like the token money used for change in the absence of legal coins.

From Rural Health and Welfare by George Thompson Fairchild

He further admits the necessity of some token money of small denominations, to be composed of the baser metals.

From An Essay on Mediaeval Economic Teaching by George O'Brien

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