Not only is gold coinage money, but it is often referred to as real money. To truly be a “gold coin” it must be legal tender of the government that issues it. Because the face value of gold minted coins are lower than the intrinsic value of its bullion, gold coinage is not used in commerce. However, as governments restrict the use and ability of confidential cash transactions, true honest money in the form of gold coinage could easily become a popular money for commerce.