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token money

coins of the regular issue having greater face value than the value of their metal content
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Examples from the Web for token money
Historical Examples
  • These coins were never a legal tender, but were used as “token money,” because small change was scarce in the colonies.

    Once Upon A Time In Connecticut Caroline Clifford Newton
  • You know our money is but token money, and not worth the face value of the stamp.

    The Serf Guy Thorne
  • The result, of course, was to make silver the standard and gold the fluctuating money or token money.

    If Not Silver, What? John W. Bookwalter
  • If different groups adopt different kinds of amulet ornaments as money, such intragroup money may be token money.

    Folkways William Graham Sumner
  • However, as token money, it is everywhere recognised as a circulating medium of trade.

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