Silver Coin
Silver coins are possibly the oldest mass-produced form of coinage. Silver has been used as a coinage metal since the times of the Greeks; their silver drachmas were popular trade coins. The ancient Persians used silver coins between 612-330 BC. Before 1797, British pennies were made of silver.
As with all collectible coins, many factors determine the value of a silver coin, such as its rarity, demand, condition and the number originally minted. Ancient silver coins coveted by collectors include the Denarius and Miliarense, while more recent collectible silver coins include the Morgan Dollar and the Spanish Milled Dollar.
Other than collector's silver coins, silver bullion coins are popular among people who desire a "hedge" against currency inflation or store of value. Silver has an international currency symbol of XAG under ISO 4217.
Read more about Silver Coin: Origins and Early Development of Silver Coins, The Byzantine Empire, The Arabs and Medieval Europe, The Ottoman Empire and Persia, India, The New World, The Peso/dollar and Pacific Trade, Silver Coins of Europe, Recent Silver Coins, Evolution, Why Silver Is Used For Coinage, Silver Coins in Popular Culture, See Also
Famous quotes containing the words silver and/or coin:
“I never thought that the possession of money would make me feel rich: it often does seem to have an opposite effect. But then, I have never had the opportunity of knowing, by experience, how it does make one feel. It is something to have been spared the responsibility of taking charge of the Lord’s silver and gold.”
—Lucy Larcom (1824–1893)
“Washington society has always demanded less and given more than any society in this country—demanded less of applause, deference, etiquette, and has accepted as current coin quick wit, appreciative tact, and a talent for talking.”
—M. E. W. Sherwood (1826–1903)