In economics, fiat currency or fiat money is money that enjoys legal tender status derived from a declaratory fiat or an authoritative order of the government.
fiat currency Coins and paper money that do not have metal value or are not backed up by metal value.
field The portion of a coin where there is no design - generally the flat part (although on some issues, the field is slightly curved).
fiat currency
field
The portion of a coin where there is no design - generally the flat part (although on some issues, the field is slightly curved).
Fiat currency - Coins or paper money that do not have precious metal value or are not backed by gold or silver.
FIDO - Old numismatic term for a mint error. Specifically, it is an acronym for Freaks, Imperfections, Defects & Oddities.
Fiat currency
Field
The flat (or slightly curved) portion of a coin where there is no design.
The rise of fiat currency
Note that this article has no references to the Italian car manufacturers.
You may be driven to gloom and despair when you come across many hypotheses on the dangers of Fiat currency, whereby central banks are printing money and devaluing currencies be that USD, GBP or the Euro.
The book looks at the impact taking our currency off the gold standard had, making the US dollar a fiat currency. The dollar, while the legal tender of the government, no longer had any intrinsic value.
Whoever accepted the exchange was left with the less-trusted fiat currency. At the time United States Notes were issued, this was a serious concern, as the government sought to strike a balance between coin shortages and fiat currency.
The value of the metal(s) contained in a numismatic item. The United States issues contained their intrinsic value in metal until 1933 for gold coins and 1964 for silver coins. Modern U.S. coins are termed fiat currency (see Fiat currency).
All about gold. One of my favorite subjects. Don't get me started about fiat currency and going off the gold standard....
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Unlike Demand Notes, the Legal Tender notes were a pure fiat currency and could not be redeemed in gold coins, nor would the government receive them at par (face value) in payment of customs duties.
 See also: Gold, Silver, Currency, Coin, Dollar
  
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