Yes, Jardine, that is correct.

So according to the theory you rely on, if the authority chose, instead of a piece of nickel, a one-ounce piece of pure gold bullion to impress its stamp of 5 cents value on, then the monetary, as opposed to commodity, value of the item would be 5 cents?

Do you agree with that? Not misrepresenting you am I?

Jardine,

That too is correct.

Do you agree that it would be stupid for the government to assign so little monetary value to something with so much commodity value?

Yes I do agree.

It's stupid to say "just because it costs more to make doesn't mean it's worth any more that", isn't it?

That depends on the context. It's certainly not stupid when it's in reply to something that appears to allege otherwise.

(I'm assuming you're not referring to your omission of "than" which is the kind of stupid but trivial mistake that most people, including me, occasionally make)

We've just established that your theory of money contradicts your theory of value.

Perhaps you can explain why it would be stupid for the government to assign a lesser monetary value to an item with greater commodity value