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
How to use token money in a sentence
Gold disappeared in countries where gold coins were used; paper money and silver token money took its place.
If different groups adopt different kinds of amulet ornaments as money, such intragroup money may be token money.Folkways | William Graham Sumner
The result, of course, was to make silver the standard and gold the fluctuating money or token money.If Not Silver, What? | John W. Bookwalter
However, as token money, it is everywhere recognised as a circulating medium of trade.The Silversmith's Handbook | George E. Gee
You know our money is but token money, and not worth the face value of the stamp.The Serf | Guy Thorne