2 sentences with 'specie'

Example sentences and phrases with the word specie and other words derived from it.

Brief definition: specie

Money in the form of coins rather than paper bills; hard currency.

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The newly incorporated banks also adopted this practice, issuing banknotes in excess of the amount of specie they had in their vaults.

If a large number of people, or banks that had lent money to other banks, started demanding payment in specie, the banking system would collapse, because there was no longer enough specie to back up the amount of paper money the banks had put into circulation.

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