CupofJoe
Myth Weaver
There was a time a few years ago, when one of the small denomination Indian Rupee coins was worth more for its scrap value than it's face value. Millions were being bought, smelted down and then resold as ingots for industry.Iron coins are worth less than silver, but they can also be melted down and turned into steel for tools, weapons, etc., so they have an additional purchasing power when used for such things--you don't necessarily have to buy your iron (or pay for the equivalent amount) at an upcharge to make the steel for your tool/weapon if you pay in iron.