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# Adulteration of Coin Standard

## Definition

The covert practice of mixing base metals into precious metal coins while
maintaining their original weight and appearance, effectively reducing their
intrinsic value while preserving their nominal value.

## Source Chapter

Book V, Chapter 3

## Context

Smith describes adulteration as a fraudulent method of currency debasement,
contrasting it with open augmentation and noting that it was typically
accompanied by secrecy and oaths of silence among mint officials.

## Economic Domain

Regulation

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