Whatzit?

[Rufus T. Firefly]

1/8 of a cup of coffee.

[webenda]

Lots of correct answers.

Portrait in- profile of an American leader.

Good work Murph.

One answer needs comment:

Solid gold in storage that backs-up and further imparts value to the silver in the coin.

COIN MONEY
In a silver/gold coinage system, the underlying value of the metal components establish the value of the coin. There is no need for Gold to backup Silver with this system. But, there is a fly in the ointment with this system. The underlying value of the metal could not exceed the putative face value of the coin itself. Otherwise, people would have a significant incentive to melt the coins down into bullion and sell for a profit.

In 1933, the U.S. government removed this possibility from the equation by making private possession of gold illegal. The right of citizens to own gold bullion wasn’t restored until 1974. A prohibition on melting silver was put in place in 1967 but the ban was lifted in 1969. It no longer made sense after silver was removed from coinage in 1964.


PAPER MONEY
The gold standard is a monetary system where a country's currency or paper money has a value directly linked to gold. With the gold standard, countries agreed to convert paper money into a fixed amount of gold. A country that uses the gold standard sets a fixed price for gold and buys and sells gold at that price. That fixed price is used to determine the value of the currency. For example, if the U.S. sets the price of gold at $500 an ounce, the value of the dollar would be 1/500th of an ounce of gold.

The gold standard is not currently used by any government. Britain stopped using the gold standard in 1931 and the U.S. followed suit in 1933 and abandoned the remnants of the system in 1973.1 2 The gold standard was completely replaced by fiat money, a term to describe currency that is used because of a government's order, or fiat, that the currency must be accepted as a means of payment. In the U.S., for instance, the dollar is fiat money.

COIN MONEY
In a silver/gold coinage system, the underlying value of the metal components could not exceed the putative face value of the coin itself. Otherwise, people would have a significant incentive to melt the coins down into bullion and sell for a profit.

In 1933, the U.S. government removed this possibility from the equation by making private possession of gold illegal. The right of citizens to own gold bullion wasn’t restored until 1974. A prohibition on melting silver was put in place in 1967 but the ban was lifted in 1969. It no longer made sense after silver was removed from coinage in 1964.

[Rufus T. Firefly]

And now Bitcoin is all the rage,

[webenda]

It a tool for opening all sorts of battery compartments. This Taylor Thermometer has such a cover over it's LR44 (A76) battery.

[webenda]

I seem to have stuttered and posted the above answer twice.

Edit 1: Remove second post.

[Rufus T. Firefly]

Here's something to ponder.....

[webenda]

Here's something to ponder.....

A gap in granite boulders on you seldom seen layourt?

[robert.]

Spotted lanternfly egg sack

[MartyE]

Looks like furry legs to something. Maybe a deer.

[Rufus T. Firefly]

All interesting, but no.

A bit more to ponder....

[robert.]

Carpet fiber

[Rufus T. Firefly]

Carpet fiber

No. Okay, here's a bit - it's alive! No, not reanimated either,

[webenda]

Fungus?

[Rufus T. Firefly]

Fungus?

Now we're making gravy w/o the lumps! I knew I could count on you, Wayne!

What kind?

[webenda]

Wood Fungus?