Commodity value its commodity value. A commodity value expressed as a price is determined by historical, social and cultural aspects of production and distribution. Karl Marx described price as the money-name for the labour realised in a commodity. A commodity value is dependent on its utility. Commodity value is of particular significance in the study of currency. For example, the commodity value of a coin is the value of the metal of which it is made. Gold and silver coins have a high commodity value, whereas fiat coins such as modern day quarters have a low commodity value. This is of particular
Archconfraternity of the Most Precious Blood transferred to the church of the London Oratory (12 August 1850). Previously to this it had been introduced into America by the Passionists, and canonically erected in the numerous houses and parishes founded by them after their arrival (1844). Archconfraternity of the Most Precious Blood Archconfraternity of the Most Precious Blood refers to a Roman Catholic archconfraternity, associated with confraternities which make it their special object to venerate the Blood of Christ. They first arose in Spain. In the life of the Carmelite lay brother Francis of the Infant Jesus (d. 1601), mention is made of such a confraternity as