Definition of 'intrinsic value'

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These are the values put upon Gold & Silver in several nation by the coynage or {illeg} s{illeg}tamp wch is usually called the extrinsic value. Their values in the market as Bullion or merchantable commodities be called their intrinsic values, isare a little different. F Gold elevene ounces f{illeg}ine is worth 3li. 19s. 9d pr oz in ye market of London & Silver 211oz 2dwt fine is wort at prsent worth 45s 7d pr oz. or thereabouts: at wch rate a Guinea is worth as much silver as will make by {illeg}coynage will make 3 1li. 23s. 43d.

Some proposals relating to light gold & silver