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 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, boarding houses accommodated miners working in the local area. Areas of the community with lower elevation contained mainly private residences, commercial businesses, and the post office. The higher-elevation neighborhood where the miners resided was referred to