I was recently given a coin collection that belonged to another relative. Most of the coins in it are not in circulation anymore, and while you don’t see them every day, they are definitely not rare. Most aren’t in good condition either. In fact, they look much worse for wear than the coins you get as change at the grocery store. So, why would anyone bother to save these when they could have spent these coins? The reason is because, up until 1964, our American coins were minted in 90 percent silver.
Why Use Precious Metals in Coins?
Gold and silver are both precious metals, which means that they are scarce and high in quality. They have been used as a medium of exchange since prehistory. As society and governments became more advanced, these metals were minted
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