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U.S. mints would allow unlimited conversion of silver at a rate lower than that of gold.

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Q: What is meant by the term free coinage of silver?
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Is English silver worth more then sterling silver?

The term "sterling silver" actually comes from the "pound sterling," the unit of British currency. British silver coinage was for hundreds of years (excepting various bouts of debasing over the years) 92.5% pure. Thus, "sterling silver," which is 92.5% pure, merely refers to silver which is as pure as the pound sterling. As a historical note, the purity of silver in British coinage was reduced in 1920 to 50% silver, and in 1947, silver was replaced with a cupro-nickel alloy in British "silver" coinage.


What is coinage silver made of?

The term is actually "coin silver". In the US it refers to the alloy of 90% silver and 10% copper that was used up till 1964 for dimes, quarters, and half dollars, and up till 1935 for dollars.


Is aluminum a coinage metal?

Not in chemistry: The term "coinage metal" in chemistry means copper, silver, and/or gold, and this list does not include aluminum. In law and business, "coinage metal" means any metal actually used for physical coins, and aluminum could be used but only rarely has actually been so used.


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The term "karat" is not used with silver like it with gold (where 24 karat gold is 100% pure gold and 18 karat gold is 18/24ths, or 75%, pure). 22 karat gold would be 91.667% pure - that same purity level is often found in silver coinage (slightly less pure than 92.5% coin silver, or "sterling silver", of England of yore).


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