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Empire of Silver: A New Monetary History of China (Yale University Press, 2021). excerpt; Zhuang, Guotu. Tea, silver, opium and war : the international tea trade and Western commercial expansion into China in 1740-1840 (Xiamen University Press, 1993) ISBN 756150862X World Cat
The Japanese Trade Dollar was a dollar coin, issued from 1875 to 1877. It was minted of 27.22 g of silver with a fineness of .900 (90%). The Yen coin had 26.96 g of silver at that time, and otherwise nearly identical in design to the trade dollar. [1] 2,736,000 coins of this type were minted, the vast majority in 1876-77. [2]
A silver écu, minted in 1784, depicting Louis XVI, King of France. Silver coins are one of the oldest mass-produced form of coinage. Silver has been used as a coinage metal since the times of the Greeks; their silver drachmas were popular trade coins. The ancient Persians used silver coins between 612–330 BC.
The United States trade dollar was a dollar coin minted by the United States Mint to compete with other large silver trade coins that were already popular in East Asia. The idea first came about in the 1860s, when the price of silver began to decline due to increased mining in the western United States .
Silver remained the most common monetary metal used in ordinary transactions until the 20th century. Safavid era. Gold coins were minted for the king, but these coins were more suitable for use and served as gifts on occasions, especially Nowruz. However, silver was a precious and high-quality currency for tax and commercial purposes.
Silver during the Viking age was an especially important part of the bullion economy; the silver trade is often credited with the rise of the long distance trade routes during the Viking age, as most silver originated outside of Scandinavia in present day Germany and Uzbekistan. [35]
Silver and gold coins are the most common and universally recognized throughout history, even today. Mints around the world still make millions of gold and silver coins, including the Canadian Silver Maple Leaf, the American Gold Eagle, and the Australian Nugget. Copper, nickel, and other metals are also common, but in lower denominations.
The widespread adoption of Greek silver coinages by c. 480 BC appears to have developed first out of cooperative relations between Greeks and Phoenicians, then partly as a competitive, culturally consolidating response to earlier Phoenician expansion and domination of silver trade, which had been conducted with hacksilver.