I thought that it would be a good idea to have npc vendors (in npc generated villages) that sell items like redstone, coal, etc.
Monsters could drop money and you could spend it to buy what the vendor sells, so you don't need to mine for so many hours to make a redstone circuit for example, and killing monsters would be more usefull.
There should be something like this, but monsters shouldn't drop money. You should be able to make coins out of certain items. For example: iron ingots can be converted into iron coins. Obviously, iron coins would be worth less then gold and gold would be worth less than diamond.
This actually sounds like a great idea. there is a very good mod that does exactly this however. It's called Millenaire mod. This mod is great, and it also comes with a very helpful wiki page
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Monsters could drop money and you could spend it to buy what the vendor sells, so you don't need to mine for so many hours to make a redstone circuit for example, and killing monsters would be more usefull.