Question
Suppose you have a $1 silver eagle United States coin. This coin is made up of 1 ounce of 99.99% pure silver. (The other .01% is zinc to strengthen the coin)
2. Does this coin have intrinsic value?
2. Does this coin have intrinsic value?
Answers
GPT 3.5
Yes, this coin has intrinsic value because it is made up of a valuable metal, silver, which has its own inherent worth regardless of any external factors such as supply and demand or government backing.