If this one may, the value of pearls and the current state of the fluctuated value of specimen (bars) and coins is heavily intertwined and decoupling them would be a touch disingenuous.
For purposes of this thread, the value standard is based on purge triggered thresholds as documented by the hoard tender.
In this regard, many things appear to have a set and absolute value.
However, as a thing becomes more abundant, if there is no depreciation in value, it becomes even more desirable.
Pearls have low availability.
Gold Coins have become significantly more plentiful.
This one does appreciate that the coin pouches now hold a substantial amount of coin, rather than a half dozen at best.
As something has a high value and is readily available, it drives demand for other things down.
We can see this with the higher end treasure as well. They aren’t worth the hassle of lugging around when gold bars are very easy to get.
Similarly, pearls are not easily found and don’t trade for much (similar to Black Silk) but are also worth not even a pittance in the vault.
The inflated availability of gold is relevant to the required value point for pearls to be relevant to the hoard.
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