Intrinsic value in general, is the argument that the value of a product is intrinsic within the product rather than dependent on the buyer's perception.

In commodity money, intrinsic value can be partially or entirely due to the desirable features of the object as a medium of exchange and a store of value. Examples of such features include being divisible, easily and securely storable and transportable, scarce, and hard to counterfeit. When objects come to be used as a medium of exchange they lower the high transaction costs associated with barter and other in-kind transactions. Commodity money refers to money whose value comes from a commodity out of which it is made. ... A medium of exchange is an intermediary used in trade to avoid the inconveniences of a pure barter system. ... To act as a store of value, a commodity or form of money or financial capital must be able to be reliably saved, stored, and retrieved - and be predictably useful when it is so retrieved. ... A medium of exchange is an intermediary used in trade to avoid the inconveniences of a pure barter system. ... In economics and related disciplines, a transaction cost is a cost incurred in making an economic exchange. ... Barter is a form of trade where goods or services are exchanged for a certain amount of other goods or services, i. ...

In numismatics, intrinsic value is the value of the metal, typically a precious metal, in a coin. For example, if gold trades at a price of USD 450 per fine troy ounce ($14/g), a coin minted from one troy ounce of fine gold would have an intrinsic value of USD 450. When the intrinsic value becomes greater than the face value, the coins are in danger of being removed from circulation in large numbers. When the coin is in use as money this effect can, at the margin, mitigate forces that might otherwise cause inflation. When copper prices skyrocketed in the mid-to-late 1970s, there was a fear that the U.S. one-cent piece might succumb to this fate, leading the Mint to change the composition of the cent in 1982. This article needs to be cleaned up to conform to a higher standard of quality. ... 1¢ euro coin A coin is usually a piece of hard material, generally metal and usually in the shape of a disc, which is used as a form of money. ... General Name, Symbol, Number gold, Au, 79 Chemical series transition metals Group, Period, Block 11, 6, d Appearance metallic yellow Atomic mass 196. ... The United States dollar, or American dollar, is the official currency of the United States. ... Troy weight is a system of units of mass customarily used for precious metals and gemstones. ... Face Value is the title of Phil Collins debut solo album, released in 1981. ... Money is any marketable good or token used by a society as a store of value, a medium of exchange, or a unit of account. ... General Name, Symbol, Number copper, Cu, 29 Chemical series transition metals Group, Period, Block 11 , 4, d Density, Hardness 8920 kg/m3, 3. ... The United States one-cent coin, commonly called a penny, is a unit of currency equaling 1/100 of a United States dollar. ... The United States Mint is responsible for producing and circulating coinage for the United States to conduct its trade and commerce. ... 1982 is a common year starting on Friday of the Gregorian calendar. ...

See also

• Marginal theory of value
• Labor theory of value