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Commodity money is money whose value comes from a commodity of which it is made. Commodity money consists of objects having value or use in themselves (intrinsic value) as well as their value in buying goods.[1] This is in contrast to representative money, which has no intrinsic value but represents something of value such as gold or silver, for which it can be exchanged, and fiat money, which derives its value from having been established as money by government regulation.
Examples of commodities that have been used as media of exchange include gold, silver, copper, diamond, salt, peppercorns, tea, confectionary (sugar, honey, maple syrup, chocolate, vanilla, gelatin, chewing gum, donuts, fudge, turkish delight), pastry (cake, cookie), fruit (figs, apple, oranges, pineapples, coconuts), cereal (breakfast cereals, granola bars), jewellery (watches, spectacles, etc.), decorated belts, shells, sweet beverages (soda, fruit juice), alcoholic beverages (beer, wine, spirits), smokeware packing (marijuana, tobacco, cigarettes), silk, candy, nails, cocoa beans, cowries, coupons (Canadian Tire "money"), canned food (spam, corned beef, chili con carne, spaghetti, soup, sardine, salmon, baked beans, peanut butter), fast-food items (burgers, sandwiches, fried chicken, etc.), pornographic material, detergents (laundry, dishwasher, soap), drinkwares (bottles, glasses, aluminum cans) fad items (bottle caps, pogs, trading cards) clothes (shirts, socks, hat, shoes), fuel (coal, gasoline, batteries, opioids (codeine, thebaine, hydrocodone, oxycodone, morphine and heroin) stimulants (lisdexamfetamine (Vyvanse), methylphenidate (Ritalin), amphetamine (Adderall), MDMA, Methamphetamine (crystal meth), cocaine), hallucinogens (mescaline, lysergic acid, magic mushrooms and DMT) etc.). Sometimes several types of commodity money were used together, with fixed relative values, in various commodity valuation or price system economies.
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