12. The value of money, being a special case of economic value, is subject to the same general laws. This means, from the standpoint of my theory, that the theory of social value is applicable to the problem of the value of money. 13. This is not the same as saying that the whole value of money is to be explained by the social value of gold bullion, conceived of as a mere commodity. A hypothetical case was constructed in the chapter on "Dodo-Bones," in which gold is the standard of value, but is not employed as a medium of exchange or in reserves, where the whole value of money is to be explained by the value of gold bullion, conceived of as a commodity. 14. But, in general, money gets part of its value from its monetary employments. (Chapter on "Dodo-Bones.") 15. The additional value which comes to gold bullion as a consequence of its employment as money, is itself to be explained on social value principles. It grows out of the social value of the services which money performs. 16. The functions of money remain to be examined in detail. And the relation between the value of particular services of money and the capital value of money, has not yet been analyzed. There is a relation between the two--a relation which varies under different conditions--even though it has been shown in the chapter on the "Capitalization Theory" that the relation is not the simple one which holds between the values of services and the capital value of ordinary income-bearers. There must be an increment to the value of gold bullion as a consequence of its being coined, however, since otherwise there would be no force leading it to be coined. 17. This increment in value to bullion, as a consequence of coinage, becomes evident when free coinage is suspended. An agio of coin over uncoined bullion may easily appear. 18. But this is not to assert the doctrine of the quantity theory. Because 19. The money service presupposes the existence of value for money from some source other than the monetary employment (chapter on "Dodo-Bones"); and 20. Hence the monetary employment can explain only a differential portion of the value of money.