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Until the end of WW1, many countries minted silver coins with a high silver content, usually 90% or more. In 1919/20, there was a sharp increase in the price of silver and many countries reduced the silver content of some or all of their coins to around 50%. At the end of WW2 when many countries were repaying war loans or, had had their economies destroyed by the war, the silver content was reduced further, or eliminated altogether. By the second half of the 20th century, most "silver" coins were made from a copper/nickel alloy. These days, only non-circulating investment coins or high value coins are made from silver.

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