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Historically, silver has been more valuable in China than Europe, relative to gold and other commodities, and European traders had for centuries paid for their purchases of Chinese goods with silver. Now for the first time, price levels made the importation of silver objects made for export to Europe attractive. [ 2 ]
A chain reaction followed swiftly: the development of China's silver market, and growing demand of silver in China. At the same time, the silver industry in Latin America, especially in Mexico came in to a boom and became the main source of silver exports to China. [11]
Sterling silver is an alloy composed by weight of 92.5% silver and 7.5% other metals, usually copper. The sterling silver standard has a minimum millesimal fineness of 925. Tiffany & Co. pitcher ( c. 1871 ) having paneled sides and repoussé design with shells, scrolls and flowers; top edge is repousse arrowhead leaf design
Chinese silver is an alloy used for jewelry. Its composition is 38% copper, 17.5% zinc, 11.5% nickel, 11% cobalt, and 2% silver. External links
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During the Tang dynasty, a standard bi-metallic system of silver and copper coinage was codified with 10 silver coins equal to 1,000 copper cash coins. [12] Paper money and bonds started to be used in China in the 9th century. However, due to monetary problems such as enormous local variations in monetary supply and exchange rates, rapid ...
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