Silver Bullion -
Electrum
Electrum, although also been produced artificially, is an
alloy of gold and silver which occurs naturally and is commonly known
as ‘white gold.’ It also contains very small or trace amounts of metals such as copper.
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“The ancient Greeks called it 'gold' or 'white gold', as opposed to
'refined gold'. Its color ranges from pale to bright yellow, depending on the proportions of gold and silver. The gold content of naturally occurring
electrum in modern Western Anatolia ranges from 70% to 90%, in contrast to the 45–55% of electrum used in
ancient Lydian coinage of the same geographical area. This suggests that one reason for the invention of coinage
in that area was to increase the profits from seignorage by issuing currency with a lower gold content than the commonly circulating metal” (Wikipedia).
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“Electrum was used as early as the third millennium BC in
Old Kingdom Egypt, sometimes as an exterior coating to the pyramidions atop ancient Egyptian pyramids and
obelisks.” In addition, it “was also used in the making of ancient drinking vessels and coins” (Wikipedia).
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