https://www.fairlatterdaysaints.org/ans ... rmon/Money
FAIR also says:
They don't seem to understand the problem here like Dan might, but Dan, of course, makes brief suggestions without elaboration because the apologist pact with the devil is all about withholding details. For instance, how elaborate is it that we don't know how much a senum or a senine weighs?Such critics ignore that "pieces of gold and silver" is not necessarily the same as "gold pieces" or "silver pieces." They have not paid close attention to the text...Here we see that "pieces of metal" can act as a unit of exchange without being "coins."
Here is BYU's breakdown of the system:
Scripture Central showing the efficiency of the "1, 2, 4, 7" system of non-coin coins.
Yesterday I read Alma 11, specifically to gain understanding of the non-coin coin system of the Nephites. I'm sorry, but I came away laughing. People really take this seriously? It's absurd on its face. There are two main problems I see, one is authorial self-selection: world revolves around the narrative. The other problem is that the Nephites have a metal-piece/grain monetary system whereas Egypt and Mesopotamia had a ledger / unit of account system that involved metals and grain.
In the first problem, the author invents an entire money system as a prop to support the narrative. The author needs to create a backdrop of atheistic corruption that ultimately leads to a lawyer bribing Amulek a judge's pay for 42 days if he would deny the existence of God. Mosiah invented the system as far back as 225 BC. It's now 82 BC, and a Senum still equals exactly 1 senine just as the day it was implemented! In Spain, a escudo (gold) was equal to 16 reales (silver), but within a hundred years that shot up to 24 or higher. Unless, of course, you want to admit it's fiat money. The money units also revolve around the needed legal characters. The central unit of exchange is the senum of silver, which just happens to be the exact pay of a judge for a day's work. Normally, you'd start with a laborer's pay as a round unit, and that would fluctuate, but the pay of officials would be some weird multiple of that and fluctuate much more over time. Pay also doesn't go up or down depending demand; the judges just worked more days to get more of their set day's pay of a senum.
In the second problem, Mesopotamians didn't walk around with shekels. Trade was essentially barter with precious metals as standards -- as grain could also be a standard. How much was x worth in bushels of wheat or a shekel of silver? You could trade a donkey and some clothes for a slave and a bowl if both added up to 1 shekel. Exchanging the actual metal standard would be reserved for long distance transactions. Later, in cities, hacksilver could be piled up on a scale to equal the standard. (In that case, the efficiency in terms of payment in fewest coins is irrelevant). The standardized weights of metal weren't a "medium of exchange" as FAIR says of Book of Mormon money. For FAIR and John Sorenson, the Nephites were strolling into Starbucks to buy coffee with a handful of change, only the change isn't stamped and perhaps isn't regular in shape only weight.
So the apologists are in a fork. The senum system can either be a fiat money system where the values of the coins are fixed, and therefore preserving their defined value over time, such as a dime = 2 nickels = 10 pennies independent of metal content is believable, and the 1-2-4-7 efficiency also matters; or it could be a unit of account where either gold-silver-wheat parity magically held for hundreds of years or just happened to align in convenient ratios the day money was needed as a prop for a chance villain to come up with a bribe.