Silver coin

Silver coins are possibly the oldest mass-produced form of coinage. Silver has been used as a coinage metal since the times of the Greeks; their silver drachmas were popular trade coins. The ancient Persians used silver coins between 612-330 BC. Before 1797, British pennies were made of silver.

As with all collectible coins, many factors determine the value of a silver coin, such as its rarity, demand, condition and the number originally minted. Ancient silver coins coveted by collectors include the Denarius and Miliarense, while more recent collectible silver coins include the Morgan Dollar and the Spanish Milled Dollar.

Other than collector's silver coins, silver bullion coins are popular among people who desire a "hedge" against currency inflation or store of value. Silver has an international currency symbol of XAG under ISO 4217.

Origins and early development of silver coins

The earliest coins of the western world were minted in the kingdom of Lydia in Asia Minor around 600 BC. The coins of Lydia were made of electrum, which is a naturally occurring alloy of gold and silver, that was available within the territory of Lydia. The concept of coinage, i.e. stamped lumps of metal of a specified weight, quickly spread to adjacent regions, such as Aegina. In these neighbouring regions, inhabited by Greeks, coins were mostly made of silver. As Greek merchants traded with Greek communities (colonies) throughout the Mediterranean Sea, the Greek coinage concept soon spread through trade to the entire Mediterranean region. These early Greek silver coins were denominated in staters or drachmas and its fractions (obols).

Coin collecting

Coin collecting is the collecting of coins or other forms of minted legal tender.

Coins of interest to collectors often include those that circulated for only a brief time, coins with mint errors and especially beautiful or historically significant pieces. Coin collecting can be differentiated from numismatics, in that the latter is the systematic study of currency. Though closely related, the two disciplines are not necessarily the same. A numismatist may or may not be a coin collector, and vice versa.

A coin's grade is a main determinant of its value. For a tiered fee, a third party certification service like PCGS or NGC will grade, authenticate, attribute, and encapsulate most U.S. and foreign coins. Over 80 million coins have been certified by the four largest services.

History

People have hoarded coins for their bullion value for as long as coins have been minted. However, the collection of coins for their artistic value was a later development. Evidence from the archaeological and historical record of Ancient Rome and medieval Mesopotamia indicates that coins were collected and catalogued by scholars and state treasuries. It also seems probable that individual citizens collected old, exotic or commemorative coins as an affordable, portable form of art. According to Suetonius in his De vita Caesarum (The Lives of the Twelve Caesars), written in the first century CE, the emperor Augustus sometimes presented old and exotic coins to friends and courtiers during festivals and other special occasions.

Podcasts:

PLAYLIST TIME:

Silver Coin

by: Angus & Julia Stone

Heard the rattle from the train
Sounds of a hundred people,
Maybe more
Cut through the ropes before you came
I had a dream that you were gone.
I'm in the days of throwing rocks
When I saw your picture on a silver coin
Stole a kiss through your golden locks
I had a dream that you were gone.
Woke up and you were gone
All the love has gone away
Cos I didnt have the heart or strength to say
I'll miss you when you're gone
I'll miss you when you're gone
I'll miss you when you're gone
I'll miss you when you're gone
Heard the rattle from the chains
This goddamn room it gets so small sometimes
I had a dream that you were gone




Latest News for: Silver coin collection

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State's Unclaimed Property Office Holds Forgotten Treasures

Seven Days 02 Apr 2025
Unclaimed property can get lost in the shuffle ... engraved silver matchboxes, tea sets, coin and gem collections, silver belt buckles, an 1864 2-cent piece, and a simple Seiko watch likely precious only to the family of the woman who wore it.
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Azalea Festival Coin Show: Here's what to know about events and admission

StarNews Online 29 Mar 2025
The festival includes many longtime events, including the Azalea Festival Coin Show. Here's what to know about the coin show.What's happening? ... The most collected American coin is the silver eagle, followed by Peace and Morgan silver dollars.
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India and the Greek War of Independence

Greek City Times 25 Mar 2025
Philhellenism in India was expressed in three main ways ... Greeks of India ... They pledged to collect enough groschen and gold and silver coins to strengthen the efforts of the slaves in Greece when the time for the Revolution arrived ... READ MORE ... Ads1. Ads1.
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Man sentenced to 60 years in prison for stealing Georgetown father-in-law's coin collection

Austin American-Statesman 21 Mar 2025
It said the father-in-law stored a large portion of his extensive coin collection, including gold, silver and commemorative coins, within an office closet ... 21, 2022, it said, relatives discovered coins in the collection were missing.
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