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Silver is a precious metal (like gold) and is recognized as having intrinsic value (that is, value as a metal rather than just value as an object) because of its rarity, beauty, and other physical properties, so silver coinage was a convenient way of standardizing that intrisic value (so that each person receiving that silver didn't have to weigh the coin and test its purity in order to determine the value received).
Substantially all circulating coinage today is Fiat money made from base metals - it has value because the government that issued it says it does, and not because the metal from which it is composed has value. That is, it does not have intrinsic value (at least, not as much intrinsic value as the face value of the coin).
The reason for moving from silver to base-metal coinage has to do with both the rarity of silver (the demand for coinage exceeded the availability of the silver from which to produce it) and because of monetary policy (the desire to expand the money supply), the discussion of which is outside the question raised here.
What else can I help you with?
In 1964 why did the us stop using silver to make coins?
The value of silver rose so the US had to use other metals to make coins. If our coins were still made of silver dimes would be worth $2 and quarters would be worth $5.
What could silver use for?
Use for coins
Did Germany make silver coins in 1969?
Germany had silver 5 DM circulation coins until 1975.
What was used to make roman coins?
The Romans used bronze, silver and gold to make their coins.
Why are silver coins not made from silver?
Because silver is far too expensive. Coins used to contain silver until about 1920 in the UK, 1965 in the U.S., and 1968 in Canada. Since then they are made from a mixture of copper and nickel, so they really aren't called "silver" coins anymore.
Did France use silver in 1972 coins?
no they did not
How many ways can you make 45 pence with silver coins?
To make 45 pence using silver coins (which are 5 pence coins), you can use any combination of 5 pence coins. The maximum number of 5 pence coins you can use is 9 (since 9 x 5 = 45). The different combinations include using fewer coins and substituting with higher denominations, like 20 pence or 50 pence coins, but since the question specifies silver coins, the main focus remains on combinations of 5 pence coins. Thus, the primary solution is simply using 9 coins of 5 pence each.
What year did Lydians make separate gold coins and silver coins?
2050 BC
What is lydians?
first to use gold and silver coins
How do you make 35p using silver coins?
To make 35 pence using silver coins, you can combine different denominations. A common combination is to use one 20p coin, one 10p coin, and one 5p coin. Alternatively, you could use three 10p coins and one 5p coin, or seven 5p coins along with a 20p coin. There are several variations, but these combinations will total 35p.
Can you use a magnet to test silver coins?
Yes, you can use a magnet to test silver coins. Silver is not magnetic, so if a silver coin is attracted to the magnet, it is likely not pure silver. However, keep in mind that some silver coins may have small amounts of other metals added for durability, which may cause a slight magnetic attraction.
Were did silver come from?
Silver is a mineral in the ground, that people did up and use in products like coins.
