1615, "coin, money in the form of coins" (as opposed to paper money or bullion), from phrase in specie "in the real or actual form" (1551), from L. in specie "in kind," abl. of species "kind, form, sort" (see species).
Main Entry: spe·cie Pronunciation: 'spE-shE, -sE Function: noun Etymology: from in specie, from Latin, in kind : money in coin—in specie: in the identical form and without alteration or substitution in specie>