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For many hundreds, if not thousands of years, the actual value of a coin had to be worth its face value, so they were made from precious metals to ensure that this was the case.
A One Shilling coin made from a predetermined and specific weight of sterling silver (as they once were) would be worth One Shilling. A One Shilling coin made from copper or tin would be almost valueless.
This also made it easier to trade with foreign countries since the price of gold and silver was fixed internationally and currencies were based on this price fixing.
Many countries moved away from this concept during the late 19th and early to mid 20th centuries, and coins were made from the cheapest suitable metals. Coins became tokens "representing" a particular value rather than worth their weight in silver or gold.
These days, the cost of producing a coin must never even approach the face value of the coin, hence the trend towards most countries making their lower denomination coins from base metals.
What else can I help you with?
What element is used to treat arthritis?
Golld and silver were used in the past
Why was silver used to make coins in the past instead of cooper?
Silver has a stronger molecular structure and therefore wont explode in your pocket.
How do you get past ice path in pokemon silver?
nerd
How do you get past the Ekat stronghold on Mission 8?
silver
Where do you get a leafstone in Pokemon Silver and gold?
Show bill grandpa an oddish. He is past the golden bridge near Curlean in Kanto. There are otherways to but this is what i used.
What page number is this Matilda quote on I was flying past the stars on silver wings?
The quote "I was flying past the stars on silver wings" from Matilda is on page 42 of the book.
Origin of silver?
Past Supernova events have produced all the elements we now know, including silver.
Are silver prices high right now?
Currently, the price of silver is $27.86. It is actually at a low point for the past 30 days, as well as the past few months. Silver was over $35 earlier this year. I'd say now is not the best time to sell your silver.
You cannot get past the 1st trainer in Pokemon silver it keeps booting you out how to you get past him?
on the right there is a 2nd path
How is silver used today?
Silver is used in coins!
How do you you get past the man blocking mount silver?
get the national pokedex
What has been used in the past?
what has sulfur been used in the past?what has sulfur been used in the past?
