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Language

value

価値 — Phenomena

How much a thing is worth.

Aegina sea turtle Aegina sea turtleBC 550–480 Knife money Knife moneyWarring States period Franc à cheval (the franc on horseback) Franc à cheval (the franc on horseback)1360
A photograph of the real thing this term names.

⚠ The value of a currency has at least three layers: its value as a material, its value as a denomination, and its value in that "everyone will accept it."

When these three align, nothing happens. When they diverge, history is made.