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TeachMeFinance.com - explain Specie point historic definition... Specie point -- This is a term used in foreign exchange dealings ; it means the same as gold point, but gold point is the term more commonly used. Literally, specie means any kind of metal money, while there is but one meaning to gold. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.