with the Sumerians and lasted until 1873 when Germany, consequently, most of Europe, left the Silver standard. Using Silver as the monetary standard dates as far back as 3000 B.C. Silver was used as currency in trade and domestic economies in parts of Europe, Africa and Asia, respectively. When the Sassanians conquered the Parthians in 260 A.D., the new Persians crafted their now-iconic thin, spread fabric Silver drachm that was in use until 600 A.D. Other locally minted coinage prevailed even after this time, as there was no united currency system until centuries later.Īs the Roman Empire spread, their Silver denarius and often debased Silver antoninianus coins, but this currency did not last like the Roman empire.Įast of the Roman empire was the Parthians, who eventually created Persia, and they crafted a stable series of drachma and tetradrachms. Greek drachma and tetradrachm were widely used throughout the Hellenistic era in the Mediterranean region. Some noteworthy Silver currencies include the Greek drachma, the Islamic dirhams, the Roman denarius, India’s karshapana and the Spanish dollar.Īncient coins originating from the Mediterranean used either the Attic standard, Corinthian standard, the Aiginetic standard, or others to define the weight of their currency. Since then, Silver currencies have grown in use and popularity. Those coins were made of electrum, a naturally occurring alloy of Gold and Silver. Nearly 3,000 years before the first Mexican silver Libertad coin was issued, the first known minted coins dated back to 600 B.C. With a free APMEX account, you can set up alerts for any change in Gold prices or market movements to assist in any investment strategies or purchasing decisions. Silver has stood the test of time as a reliable store of wealth and value, and the white metal is likely to continue to be sought after for its budget-friendly investor appeal and its potential to provide a meaningful hedge against economic downturns.ĪPMEX provides customers with several ways to remain current with the latest Silver spot price chart and updates on their investments.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |