Commodity money coins. Commodity money Commodity money is money whose value comes from a commodity of which it is made. Commodity money consists of objects that have value in themselves (intrinsic value) as well as value in their use as money. Examples of commodities that have been used as mediums of exchange include gold, silver, copper, salt, peppercorns, tea, large stones (such as Rai stones), decorated belts, shells, alcohol, cigarettes, cannabis, silk, candy, nails, cocoa beans, cowries and barley. These items were sometimes used in a metric of perceived value in conjunction to one another, in various commodity valuation or price system
ANCAP (commodity standard) does not fluctuate, or to choose a basket of goods whose price remains stable over long periods of time. It is questionable whether an economy under a commodity standard would indeed have less inflation than under a fiat currency system. The reason for this is that the commodity content of a fiat currency can be redefined by the government at any time. That is, the government would have the power to create inflation simply by raising the dollar price of the commodity base(s). Such an act would have the same effect as increasing the amount of dollars in the monetary