Coins of this standard are called full, or real, money by some writers that deny the title of money to everything else.
Sec.2.

#Alternative uses of the money-good.# Let us consider the problem of money-value as it would present itself if only one kind of commodity money were in use.

This doubtless was in large measure, if not entirely, the case for a time in early societies after one material had proved itself to be the best suited for the purpose.

The history of many kinds of money may, we have seen, be traced back to a point where they were not money, but commodities with a direct value-in-use.

Such were ornaments, shells, furs, feathers, salt, cattle, fish, game, and tobacco.