---
entity_slug: market_price_of_bullion
evaluator: null
evaluated_at: '2026-02-23T05:47:11.212286'
overall_score: 4.2
scores:
- name: definition_precision
  value: 4.0
  max_value: 5.0
  rationale: The definition clearly distinguishes market price from mint price and
    identifies the key factors (supply, demand, coinage quality) that cause fluctuations.
    It captures a specific economic phenomenon rather than a vague concept, though
    it could be slightly more precise about the mechanism of fluctuation.
- name: source_grounding
  value: 5.0
  max_value: 5.0
  rationale: This concept is directly grounded in Smith's analysis in Book I, Chapter
    5, where he extensively discusses the relationship between market and mint prices
    of precious metals and how coinage quality affects these relationships. The entity
    accurately reflects Smith's actual arguments about bullion pricing.
- name: domain_placement
  value: 5.0
  max_value: 5.0
  rationale: '"Exchange" is the correct domain placement, as this concept deals fundamentally
    with how precious metals are valued and traded in markets. The market price of
    bullion is central to understanding monetary exchange mechanisms in Smith''s framework.'
- name: vsm_relevance
  value: 3.0
  max_value: 5.0
  rationale: This entity has moderate VSM relevance, primarily mapping to S4 (intelligence/environmental
    adaptation) as it represents market information processing about precious metal
    values. However, it's somewhat VSM-neutral as it describes a market phenomenon
    rather than a clear organizational function.
- name: explanatory_value
  value: 4.0
  max_value: 5.0
  rationale: This entity provides strong explanatory value by illuminating the mechanism
    through which coinage quality affects monetary value and demonstrating Smith's
    broader point about how market forces determine actual exchange values. It reveals
    structural relationships between mint standards, market conditions, and monetary
    stability.
---

# Evaluation: Market Price Of Bullion

## definition_precision — 4.0 / 5.0

The definition clearly distinguishes market price from mint price and identifies the key factors (supply, demand, coinage quality) that cause fluctuations. It captures a specific economic phenomenon rather than a vague concept, though it could be slightly more precise about the mechanism of fluctuation.

## source_grounding — 5.0 / 5.0

This concept is directly grounded in Smith's analysis in Book I, Chapter 5, where he extensively discusses the relationship between market and mint prices of precious metals and how coinage quality affects these relationships. The entity accurately reflects Smith's actual arguments about bullion pricing.

## domain_placement — 5.0 / 5.0

"Exchange" is the correct domain placement, as this concept deals fundamentally with how precious metals are valued and traded in markets. The market price of bullion is central to understanding monetary exchange mechanisms in Smith's framework.

## vsm_relevance — 3.0 / 5.0

This entity has moderate VSM relevance, primarily mapping to S4 (intelligence/environmental adaptation) as it represents market information processing about precious metal values. However, it's somewhat VSM-neutral as it describes a market phenomenon rather than a clear organizational function.

## explanatory_value — 4.0 / 5.0

This entity provides strong explanatory value by illuminating the mechanism through which coinage quality affects monetary value and demonstrating Smith's broader point about how market forces determine actual exchange values. It reveals structural relationships between mint standards, market conditions, and monetary stability.
