answersLogoWhite

0

Why is money made of metal?

Updated: 9/20/2023
User Avatar

Wiki User

12y ago

Best Answer

Because money is a store of wealth and precious metals are a good way to store wealth because they have a high value to weight ratio, are easily stored (gold/silver doesn't decay like food), and have a known rarity. Today, due to the fact that most countries no longer use the gold standard and no longer mint coins in precious metals for general circulation, the correspondence of value to metal no longer exists. But it used to be that a coin was simply a chunk of valuable metal, stamped with a design so people knew that it was genuine.

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Why is money made of metal?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Is money made out of paper?

Yes money is made from paper. But not the paper that they use for fake money. And coins are made from metal or copper....or even bronze. Money is made from paper.


What was one reason why people did not trust paper money to be worth as much as money made with metal?

The money would rip


When was metal money made?

The Early Romans(753-509 BC) used coin money made out of brass and it was stamped by hand and made out of i think brass. .


How are money manufactured?

There are two different types of money one made from metal and one of paper. Coins are made out of sheets of metal stamped out using dyes. The money printed on paper is made on printing presses. These types of money often have holographic verification strips which are manufactured separately with a laser before being added.


All about copper?

copper is a type of metal and no dimes and money are not made of copper


What is a popular substitute for bulky coins made of metal?

Paper money.


What is a substitute for bulky coins made of metal?

Paper money.


Why are door handles made from metal?

Because metal is more durable than plastic. In a lot of cars they are plastic now, to save money and weight


When was the first metal coins made?

First Metal Money. China, in 1000 B.C., produced mock cowry shells at the end of the Stone Age.


Where can I get a custom made metal plate?

if your wanting a custom made metal plate the best place, and cheapest would be going to your local high school. it will take longer but it will save you a lot of money


What can a metal bucket be made out of?

A metal bucket is made out of metal


Are robots made out of metal?

Not all robots are made of metal but the majority of them are made of metal.