In purely economic terms, it is because it acts as security against all the national debts. It gives a countries lenders the confidence that the country will be able to pay back their debts.
Approx $19.00 for a 1 troy oz coin at the current (Oct 09) silver price. That would be $17.50 an oz silver spot price with a $1.50 premium. 10 oz bars approx. $185.00 with a smaller premium because of bulk and so on.
In the 1960's, the US stopped making silver coins because of the value of the metal. For example, a silver dime's silver value is worth $2 and a silver quarter is $6. Silver dollars are worth $30. The U.S. was wasting a lot of money in silver coins and the silver value was rapidly increasing, so they had to stop. Another reason would be that people took the coins, melted it and sold it to a cash-for-gold type company. Also, they would ship or smuggle them to foreign countries which is illegal.
Well, darling, that would be called a "stockpile." It's basically a fancy term for keeping a bunch of stuff on hand for whenever you might need it. So next time you're hoarding all those extra rolls of toilet paper, just tell everyone you're building your very own stockpile.
The US has never made silver pennies. If they did they would be worth more than a dime! Your penny is probably silver plated and is used for jewelry or other decorations. It has no collector value and is no longer spendable.
Without the year of manufacture, country, etc this cannot be answered. A hundred year old coin could be worth a decent amount, a newer one produced yesterday would be worth about half a cent. Silver plated items do not have a massive value, because they're only around 0.5%-3% silver, while the other 97% is common metal. Re-ask the question with more information on the coin.
if you were timothy , what would you do in moving day
No. Depending on which country it comes from, it would be either sterling silver (92.5%) or a 50% silver alloy.
Approx $19.00 for a 1 troy oz coin at the current (Oct 09) silver price. That would be $17.50 an oz silver spot price with a $1.50 premium. 10 oz bars approx. $185.00 with a smaller premium because of bulk and so on.
There has been no US $100 coin struck in silver. Your $100 coin would then have to be from a different country other than the US. Post a new question including the country of origin and the year of your coin and any mintmark or variety if applicable.
France? Argent is 'silver'. Largent, as a distortion of L'Argent, would mean "the silver" and could have referred to one who mined silver, one who worked in silver (a silver smith) or even to a silver-haired person.
No. Xenon is a noble gas, silver is not.
The silver content of any coin with .500 fine silver is 50%. The silver will be alloyed with other metals, possibly copper and nickel, and maybe a few other metals. The actual weight of the silver used would depend on what other metals were used and in what ratios.
You could take them to some banks and get silver dollars or other silver coins for them. There were also places that would give you $1 worth of silver bullion.
because Christopher Columbus thought when he settled on this country he would find gold and silver.
Yes you can make a sword out of silver and it would be totally useless as a weapon. You could admire it as an ornament, but silver is a very soft metal and it would have no other purpose than decorative.
red not really depends which country in Britain it would be blue silver and blsck
Sterling silver is 925/1000 silver so there are at least 925 milligrams silver in a gram of Stirling Silver.