In 211BC the silver denarius became the dominant monetary unit of the Roman Republic. In 211BC the denarius had a silver content of 4.5g with 95% fineness. By the time the it had finished its decline the silver content of the denarius was a mere 2%. The silver content of a Roman denarius depends on […]
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Key Takeaways The silver shekel is the most ancient form of precious metal money in recorded history. Its origins lie in Ancient Sumer where it was a reserve currency and a standard pricing measure. The silver shekel is also mentioned in the Book of Genesis as a measure of weight. So on both accounts it’s
If you have ever held a Roman denarius in your hand, you’ve touched a significant piece of the monetary history of silver. The silver denarius is the coin that once powered what is arguably the world’s greatest empires and is one of the most famous silver coins in history. But how much is a Roman denarius
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Key Takeaways Silver certificates are a historic form of currency in the United States, issued between 1878 and 1965. Originally able to be exchanged for silver bullion, they are still legal tender, but can no longer be converted into the precious metal. Today, silver certificates are likely to have a collectible value that far exceeds
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Bimetallism is a monetary system where both gold and silver are money, and the critical thing is the ratio between the two. Before we had the fiat standard, we had the gold standard. And before we had the gold standard, we had bimetallism. It is an ancient monetary system that continued until relatively recently. It
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The main reason why you might want to buy silver over gold is because silver is a better speculation and outperforms gold in a bull market. As a long term store of value, gold is vastly superior. But as a short to medium term speculation, when timed right, silver can offer outsized returns. The silver
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Today gold is the dominant monetary metal with silver often thought of as the junior partner. However it hasn’t always been that way throughout history. Silver has a long history of use as money and it could be argued that it has been even more influential than gold. Many famous silver coins, such as the
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These famous silver coins either have historic significance or are well known and popular bullion coins of the modern era. Some of them are the most beautiful silver coins in the world. Silver has been money for thousands of years, although it has always played second fiddle to gold as a store of value. But
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The key arguments in favour of buying silver are: Silver is historic money that has been a mean of exchange for thousands of years. For much of human history silver and gold operated as monetary metals in tandem. Gold was more valuable and used for larger transactions, while silver was less valuable and used as
The Sherman Silver Purchase Act of 1890 compelled the U.S. Treasury to purchase 4.5 million ounces of silver per month. This was designed to support the falling price of silver and was one episode in a long battle in U.S. monetary politics between proponents of bimetallism and proponents of a mono-metallic gold standard. The Sherman
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