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Valued Member
United States
186 Posts |
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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Pillar of the Community
United States
505 Posts |
Definitely,Not for Circulation
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Pillar of the Community
United States
1475 Posts |
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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Pillar of the Community
United States
6130 Posts |
Mexico tried to introduce a circulation coin with a small amount of silver in the early 90s: https://en.numista.com/catalogue/pieces590.htmlIt 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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Bedrock of the Community
 United States
12441 Posts |
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.
In Memory of Crazyb0 12-26-1951 to 7-27-2020 In Memory of Tootallious 3-31-1964 to 4-15-2020 In Memory of T-BOP 10-12-1949 to 1-19-2024
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Pillar of the Community
Russian Federation
4935 Posts |
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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Rest in Peace
United States
18456 Posts |
In the U.S. , not for circulation . 
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CCF Advertiser
United States
1533 Posts |
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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New Member
United States
16 Posts |
No, not for circulation. Though you can find some in circulation if you look carefully!
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Bedrock of the Community
Australia
21593 Posts |
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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Pillar of the Community
United States
6130 Posts |
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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Bedrock of the Community
Australia
21593 Posts |
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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Pillar of the Community
United States
3113 Posts |
And I'm pretty sure their "mint" wouldn't last too long...
"Nummi rari mira sunt, si sumptus ferre potes." - Christophorus filius Scotiae
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Valued Member
 United States
186 Posts |
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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Bedrock of the Community
Australia
21593 Posts |
With inflation, I would think that it would be impossible to find any in circulation today.
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Pillar of the Community
Russian Federation
4935 Posts |
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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