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Replies: 12 / Views: 16,735 |
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New Member
United States
47 Posts |
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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Valued Member
United States
380 Posts |
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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Pillar of the Community
United States
3098 Posts |
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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Pillar of the Community
United States
4212 Posts |
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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Pillar of the Community
United States
651 Posts |
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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Moderator
 Australia
16804 Posts |
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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Pillar of the Community
Norway
510 Posts |
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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Pillar of the Community
Canada
3692 Posts |
Sap, do you think that if Argentina adopted silver it would not have its periods of inflation?
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Pillar of the Community
Germany
1238 Posts |
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Moderator
 Australia
16804 Posts |
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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Pillar of the Community
United States
3640 Posts |
I have some silver coins I found from Australia in the 40's and 50's
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Valued Member
South Africa
169 Posts |
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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Pillar of the Community
Canada
3692 Posts |
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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Replies: 12 / Views: 16,735 |
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