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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

Example Sentences

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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

This convention places in the front rank gold money, and reduces the pieces of silver of 2 francs and less to the r�le of token money.

From The History of Currency, 1252 to 1896 by Shaw, William Arthur

But, in that case, they would be, not primary, self-sustaining money, but merely representative, or token money.

From The Value of Money by Anderson, Benjamin M.

Rather, token money is the child of prices.

From The Value of Money by Anderson, Benjamin M.

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

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