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In commodity money, intrinsic value can be partially or entirely due to the desirable features of the object as a medium of exchange and a store of value. Examples of such features include divisibility; easily and securely storable and transportable; scarcity; and difficulty to counterfeit. When objects come to be used as a medium of exchange they lower the high transaction costs associated with barter and other in-kind transactions.
In numismatics, intrinsic value, also known as melt value, is the value of the metal, typically a precious metal, in a coin. For example, if gold trades in commercial markets at a price of US$ 1200 per fine troy ounce, then a coin minted from one troy ounce of fine gold would have an intrinsic value of US$ 1200.
When a coin is in use as money and the intrinsic value becomes greater than the face value, these coins are in danger of being removed from circulation in large numbers (an expression of Gresham’s law). When copper prices skyrocketed in the mid-to-late 1970s, there was a fear that the U.S. one-cent piece might succumb to this fate, leading the Mint to change the composition of the cent in 1982.

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Freewallet is a Tallinn-based startup that creates mobile-first cryptocurrency wallets for iOS and Android devices. Currently, Freewallet provides mobile wallets for Bitcoin, Ethereum, Monero, Lisk, Dogecoin, and FantomCoin cryptocurrencies. Freewallet’s products represent easy to use mobile cryptocurrency wallets that allow potential users to familiarize themselves with popular cryptocurrencies, without delving into specific technical features and complex settings. Freewallet supports all popular platforms to give users access to their funds on any mobile device, including moving from Android to iOS without any additional data like backup files or private keys.

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The Presidential $1 Coin Program (Pub.L. 109–145, 119 Stat. 2664, enacted December 22, 2005), was the release by the United States Mint of $1 coins with engravings of relief portraits of U.S. presidents on the obverse and the Statue of Liberty on the reverse.
From 2007 to 2011, presidential $1 coins were minted for circulation in large numbers, resulting in a large stockpile of unused $1 coins. From 2012 to 2016, new coins in the series were minted only for collectors.

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