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World Silver Coins?

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MorganMatt's Avatar
United States
47 Posts
 Posted 08/24/2010  3:58 pm Show Profile   Bookmark this topic Add MorganMatt to your friends list Get a Link to this Message Number of Subscribers
Is the US the only country that made most circulated coins out of silver(pre-1964) or did other countries go through a silver phase as well?

What I'm asking is, what countries made silver coins for a majority of their denominations?(Perhaps pre-1964 lol)
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remmy1100's Avatar
United States
380 Posts
 Posted 08/24/2010  4:14 pm  Show Profile   Bookmark this reply Add remmy1100 to your friends list Get a Link to this Reply
Silver was common coinage metal pre-64 around the world. I still find Canadian silver in regular change. Rarely ever in the US.
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wd1040's Avatar
United States
3098 Posts
 Posted 08/24/2010  4:23 pm  Show Profile   Bookmark this reply Add wd1040 to your friends list Get a Link to this Reply
Yup, most countries with strong economies and stable currencies had silver coinage. Britain was one of the first to switch to base metals in 1943/1944, while I think Switzerland and Canada were two of the last in 1969.

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fioti's Avatar
United States
4212 Posts
 Posted 08/24/2010  5:34 pm  Show Profile   Bookmark this reply Add fioti to your friends list Get a Link to this Reply
WD, I have a bunch or 5 & 10 rappan. 1880-1925. Their appears to be NO market for these. What can you suggest?
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fcrazo's Avatar
United States
651 Posts
 Posted 08/24/2010  6:16 pm  Show Profile   Bookmark this reply Add fcrazo to your friends list Get a Link to this Reply
Get the book titled "A Catalog of Modern World Coins-1850-1964" This book is by Whitman and there is an index that will give the answer. Also for gold if you want.
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Sap's Avatar
Australia
16805 Posts
 Posted 08/24/2010  8:40 pm  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply

Quote:
WD, I have a bunch or 5 & 10 rappan. 1880-1925.

Unfortunately, for Switzerland, the silvery coins denominated in "rappen" are all cupronickel (or pure nickel for a few years). Only the coins denominated in francs (or fractions of francs) are silver.

As a general rule, countries with silver mines tended to keep silver in their coinage for longer. Example: Britain and most of the rest of the British Empire dropped silver completely in 1946, while Australia kept silver (at .500 fine) until 1965. Mexico is another country that clung to silver as long as possible for this reason.

Many countries abandoned silver after WWI, and again after WWII. Only countries that were uninvolved or relatively untouched by the war kept silver coinage going. When some countries largely abandoned silver, they kept it only for their "flagship" highest denomination coin (just like the US did with the Kennedy halves). Germany (West), France, Italy and Australia (in 1966) come to mind.

Several countries did not issue silver coinage at all. Communist countries could be counted on to have no silver circulation coinage (the only exception being some very early Soviet Union coinage from the 1930s), though silver can be found in NCLT coins intended to be sold to Western collectors. Ironically, another country to issue no silver coinage in the 20th century is Argentina, the "land of silver".
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Litotes's Avatar
Norway
510 Posts
 Posted 08/25/2010  03:51 am  Show Profile   Bookmark this reply Add Litotes to your friends list Get a Link to this Reply

Quote:
Yup, most countries with strong economies and stable currencies had silver coinage. Britain was one of the first to switch to base metals in 1943/1944, while I think Switzerland and Canada were two of the last in 1969.


Britain may have been early, but still they were "beaten" by us Norwegians. We discontinued silver mintage during the first World War and never recommenced after. Our last silver coin is dated 1917. After that - CuNi.
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Libertad's Avatar
Canada
3692 Posts
 Posted 08/25/2010  08:34 am  Show Profile   Bookmark this reply Add Libertad to your friends list Get a Link to this Reply
Sap, do you think that if Argentina adopted silver it would not have its periods of inflation?
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Germany
1238 Posts
 Posted 08/26/2010  07:40 am  Show Profile   Bookmark this reply Add chrisild to your friends list Get a Link to this Reply
Germany had silver 5 DM circulation coins until 1975. See this topic:
https://goccf.com/t/69989

Christian
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Sap's Avatar
Australia
16805 Posts
 Posted 08/26/2010  08:12 am  Show Profile   Bookmark this reply Add Sap to your friends list Get a Link to this Reply

Quote:
Sap, do you think that if Argentina adopted silver it would not have its periods of inflation?

Argentina stopped issuing silver coins in 1883. It's inflationary problems didn't start until it decoupled it's currency from foreign currencies (the US dollar and British pound) after the Second World War, and didn't really get very bad until the 1960s, by which time most of the rest of the world had abandoned silver as well. So I don't think not having silver coinage was a cause of inflation.

Nor do I think that they could have avoided the inflation by having a silver circulating coinage. As the Mexicans proved in the 1990s, having circulating silver coinage does not prevent inflation in a modern economy, or even slow it down; it merely causes a coinage shortage when the inflation reaches the point where the coins are worth more as scrap bullion than face value.

Argentina's old silver mines had largely dried up by the mid-1800s, meaning they would have had to import most of the silver for a significant mintage of coins from their neighbours. Argentina's inflation seems to have been largely caused by a combination of it's isolationist anti-foreign-investment attitude coupled with military and industrialist interference in government economic policy. It didn't escalate to hyperinflation until after they lost the Falklands War.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Indian1's Avatar
United States
3640 Posts
 Posted 08/26/2010  10:10 am  Show Profile   Bookmark this reply Add Indian1 to your friends list Get a Link to this Reply
I have some silver coins I found from Australia in the 40's
and 50's
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Zarboy's Avatar
South Africa
169 Posts
 Posted 09/14/2010  07:24 am  Show Profile   Bookmark this reply Add Zarboy to your friends list Get a Link to this Reply
Silver was commonly used in most South African Coins in the early 1892(Zar Era) to 1960(British rule and first Decimal Series), With the second decimal series content switched over to Nickel mostly.
The Silver Content diminished from .925 to .500 over the years.
One must keep in mind that these mintages were very low overall for the early years, from circa 10,000 to a max of 360,000.
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Libertad's Avatar
Canada
3692 Posts
 Posted 09/14/2010  09:13 am  Show Profile   Bookmark this reply Add Libertad to your friends list Get a Link to this Reply
I think the problem was that there was no confidence in putting silver in the $1, $2, and $5 peso coins. Only $10 had the sterling. That's just Gresham's Law in effect. Centavos are basically useless there now.
Edited by Libertad
09/14/2010 09:15 am
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