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
Aurum, Nevada - a local man named Simon Davis. Eventually, the mining activities in the area shut down permanently. The post office closed for the last time on May 31, 1938, and the area has been uninhabited since. Aurum, Nevada Aurum is a ghost town in White Pine County, Nevada, United States. Originally known as "Silver Canyon", after the nearby geographical feature, Aurum was founded as a mining community in 1878. When a post office opened on April 4, 1881, the community received its present name, Aurum. Aurum had two neighborhoods, defined by differing elevation. In the higher sections of the community,