Talk:Extrinsic value

Unclear point
I don't understand this: "If its issuing authority were to fail to honor the note's value". I don't think they exchange for metals anymore, so I don't see what actions, if any, they perform nowadays when they "honor" a note.

If they don't actually do anything, the example needs revision since the notes have extrinsic value even without honoring. 12.210.82.101 19:42, 16 October 2007 (UTC)