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Are There Still Silver Coins Being Made For Circulation?

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Benja's Avatar
United States
186 Posts
 Posted 06/13/2017  01:24 am Show Profile   Bookmark this topic Add Benja to your friends list Get a Link to this Message Number of Subscribers
I have a limited knowledge of foreign coins, but I do know most silver coinage was stopped after 1964 in the U.S. Are there still any countries that make coins for circulation that contain silver? Maybe even gold?
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 Posted 06/13/2017  01:41 am  Show Profile   Bookmark this reply Add Frazzle to your friends list Get a Link to this Reply
Definitely,Not for Circulation
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Coconutjoe's Avatar
United States
1475 Posts
 Posted 06/13/2017  01:52 am  Show Profile   Bookmark this reply Add Coconutjoe to your friends list Get a Link to this Reply
Well, I'm sure you know that US silver coins were 90% until 1964. Then 40% for halves to be circulated until 1970. I think that was the last of coins meant to be circulated.

There are some silver-content coins in Europe, Mexico, & other places up to late 1990's or even few year after that, but not really circulated.

So, look for those pre-1965 silver coins for US, and pre-1968 for Canada.(I think)
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Finn235's Avatar
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6130 Posts
 Posted 06/13/2017  01:56 am  Show Profile   Bookmark this reply Add Finn235 to your friends list Get a Link to this Reply
Mexico tried to introduce a circulation coin with a small amount of silver in the early 90s:

https://en.numista.com/catalogue/pieces590.html

It was of course a total failure.

Now they aren't intended for circulation, but Japan minted commemorative coins denominated at 5,000 and 10,000 yen (roughly $50 and 100) that have only about $15 worth of silver in them. Those would be top contenders for circulating silver.
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spru's Avatar
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 Posted 06/13/2017  01:57 am  Show Profile   Check spru's eBay Listings Bookmark this reply Add spru to your friends list Get a Link to this Reply
I really don't know but, I very highly doubt it. This is the world of fiat currency now and has been. You can get PMs but they're not circulating coins.
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Russian Federation
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 Posted 06/13/2017  05:53 am  Show Profile   Bookmark this reply Add january1may to your friends list Get a Link to this Reply
The recently ended Canadian "$20 for $20" series were, IIRC, originally intended for circulation, but also kind of failed (to the extent where only a few banks still accept them).

IIRC, a similar experiment in the UK ended up even more of a failure (I'm not sure if even any banks accept them now).

Last time I checked Mexico still makes 100 peso coins with silver content, supposedly for circulation. I doubt they actually circulate, however.

I've heard some reports that silver 5 or 10 euro coins might circulate in some Eurozone countries (maybe France). I'm not sure of the details, though (and I doubt that said circulation is in any way significant).
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T-BOP's Avatar
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 Posted 06/13/2017  08:00 am  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply
In the U.S. , not for circulation .
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Andrew99's Avatar
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1533 Posts
 Posted 06/13/2017  08:49 am  Show Profile   Bookmark this reply Add Andrew99 to your friends list Get a Link to this Reply
In a world with easy foreign exchange, Gresham's Law would drive all the silver out of circulation. No one could do it unless everyone did it.
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Heart of Silver's Avatar
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16 Posts
 Posted 06/13/2017  09:05 am  Show Profile   Bookmark this reply Add Heart of Silver to your friends list Get a Link to this Reply
No, not for circulation. Though you can find some in circulation if you look carefully!
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sel_69l's Avatar
Australia
21593 Posts
 Posted 06/13/2017  10:36 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
The last coins anywhere in the World that were struck for general circulation that had any silver in them, were the
Mexican .925 bi metallic 10 and 20 Nuevo Pesos 1992 to 1995.

Of the 1993 dated 20 Neuvo Pesos, 25 million of them were struck, and contain exactly 1/4 troy ounce Actual Silver Weight each.
Nearly 200 tonnes of silver were consumed in their manufacture.

Edited by sel_69l
06/13/2017 10:46 am
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Finn235's Avatar
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 Posted 06/13/2017  10:55 am  Show Profile   Bookmark this reply Add Finn235 to your friends list Get a Link to this Reply
Splitting straws here, but ISIS announced a year or two ago their intent to introduce circulation dirhems and dinars in silver and gold, according to the standards defined in the Koran. Not sure if that was ever realized, and of course almost nobody recognizes those loonies or their coinage as legitimate, but it does constitute the last legitimate attempt to circulate precious metal coins minted by a "government".
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sel_69l's Avatar
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 Posted 06/13/2017  11:11 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
I feel certain that ISIS would only issue such a coin to take money from 'mug' collectors.
DON'T buy 'em! - it would be 'blood' money - philosophically similar to buying heroin from the Taliban.
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Bump111's Avatar
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 Posted 06/13/2017  11:29 am  Show Profile   Bookmark this reply Add Bump111 to your friends list Get a Link to this Reply
And I'm pretty sure their "mint" wouldn't last too long...
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Benja's Avatar
United States
186 Posts
 Posted 06/14/2017  04:17 am  Show Profile   Bookmark this reply Add Benja to your friends list Get a Link to this Reply
Thanks for the replies, I am going to Mexico this summer, maybe it's possible to find some in circulation?

Also, ISIS coins would honestly be kinda cool to own. I think Nazi coins are cool too.
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sel_69l's Avatar
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 Posted 06/14/2017  05:42 am  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
With inflation, I would think that it would be impossible to find any in circulation today.
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Russian Federation
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 Posted 06/14/2017  06:58 am  Show Profile   Bookmark this reply Add january1may to your friends list Get a Link to this Reply

Quote:
Also, ISIS coins would honestly be kinda cool to own. I think Nazi coins are cool too.
I also think ISIS coins would be rather cool to own, but I'd rather wait until after ISIS are entirely defeated, so that I know that I'm not actually helping them that way.

Quote:
With inflation, I would think that it would be impossible to find any in circulation today.
There are, IIRC, four remaining countries where modern circulating coin types were previously made for circulation, with the same design, in silver: USA, Canada, Mexico and Switzerland.
In the USA, finding silver coins in circulation is routine, though not particularly common (due to Gresham's law).
In Canada and, especially, Switzerland, due to an active alloy recovery program (and prevalence of vending machines in the latter), finding silver in circulation is fairly rare, but still happens occasionally (usually when someone finds a 50+ year old stash of spare change and spends it without being aware of the silver content; come to think of it, this is probably the most common cause for circulating silver in the USA too).
In Mexico, the silver coins were never that popular in the first place, and of course due to Gresham's law most of the few that used to be there have since disappeared from circulation anyway. I don't know enough to tell how this compares to the other three listed countries.

In some other places, old silver is still legal tender, and can be spent by people who find it in old stashes and aren't aware of the metal value, but is no longer of the same design as currently circulating types.
Sweden used to be in this category until very recently - might still be for the next few days, I don't recall the exact timeline - and apparently there's been a big upsurge in silver circulation as people tried to spend their stashes of old money before it would stop being legal tender.
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