Silver Bullion - Coinage and Currency Silver has been used as a medium of exchange since earliest recorded history. Silver coins were produced by the Lydians round about 700 B.C. The Lydians were citizens of an Iron Age kingdom of western Asia Minor located in the modern day Turkish provinces of inland Izmir and Manisa. These coins were made of electrum, which is an alloy consisting of both gold and silver. Needless to say, some controversy exists whether the silver coins made by the Lydians were coins in the true sense of the word. Invest in precious metals today! Contact us for details.
Invest in precious metals today! Contact us for details. Silver coins – those minted by an authority either public or private – came on the scene in the eastern Mediterranean during 550 B.C. By 269 B.C., the Roman Empire adopted silver as part of its standard coinage and it was used throughout the trading world. Until the late 19th century, most nations were on a silver standard (“standard economic unit of account is a fixed weight of silver” - Wikipedia) with silver coins forming the main circulating currency. Although gold was also used in coinage, its higher value was not practical for everyday purchases. |
Silver Bullion
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