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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.

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What is the value of a coin minted from us strategic stockpile silver 1981?

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.


Why are coins in this country no longer made in silver?

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.


What is the supply of something to be used as needed called?

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.


How much is a 2000 US silver penny worth?

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.


How much is a silver plated dollar worth?

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.

Related Questions

Another word for stockpile?

if you were timothy , what would you do in moving day


Is a 1933 Florin solid silver?

No. Depending on which country it comes from, it would be either sterling silver (92.5%) or a 50% silver alloy.


What is the value of a coin minted from us strategic stockpile silver 1981?

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.


What is the value of 100 pounds of silver?

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.


What country did the surname Largent come form?

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.


Does Silver would react to other elements in a way similar to Xenon?

No. Xenon is a noble gas, silver is not.


What is the silver content of a coin weighing 45.4 grams of 500 silver?

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.


How were silver certificates redeemed?

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.


Why he discovered Trinidad?

because Christopher Columbus thought when he settled on this country he would find gold and silver.


Can you make a sword out of 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.


What are the most popular color Porsches?

red not really depends which country in Britain it would be blue silver and blsck


How much silver per gram sterling silver?

Sterling silver is 925/1000 silver so there are at least 925 milligrams silver in a gram of Stirling Silver.