Specie (Noun)
Meaning
Coins collectively.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The bank's vault held a vast collection of specie from various countries and historical periods.
- Throughout the 19th century, the United States relied on gold and silver specie as its primary medium of exchange.
- Early European settlers in North America often used foreign specie for trading purposes due to the scarcity of domestic coins.
- Some investors prefer to hold a portion of their portfolios in precious metal specie for added security.
- During times of economic crisis, some countries resort to using hard currency or gold specie as an alternative to their failing local currencies.