coin of the realm

noun phrase

Definition of coin of the realm 

1 : the legal money of a country
2 : something valued or used as if it were money in a particular sphere information is the coin of the realm in the capital— Eloise Salholz et al.

First Known Use of coin of the realm

1787, in the meaning defined at sense 1

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The first known use of coin of the realm was in 1787

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