Distinguish between - Full bodied money and token coins

Distinguish between -
Full bodied money and token coins


Basis of difference
Full bodied money
Token coins
1. Definition
Full bodied money refers to money whose intrinsic value (value of the metal) is equal to the face value of the engraving on the currency.
Token coins are those whose face value is more than its intrinsic value.
2. Made up of
It is made up of precious metals.
It is made up of cheaper metals.
3. Examples
Gold coins, silver coins etc.
Aluminium coins, nickel coins etc.

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