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The coins were struck in .900 fineness silver with milled edges, a thickness of 2.5 mm (0.098 in), a diameter of 36.9 mm (1.45 in), and a gross weight of 26.9 g (0.95 oz). [4] These coins were soon followed with another commemorative silver dollar series featuring Vice President Li Yuanhong struck at Wuchang mint.
Face value can be used to refer to the apparent value of something other than a financial instrument, such as a concept or plan. In this context, "face value" refers to the apparent merits of the idea, before the concept or plan has been tested. Face value also refers to the price printed on a ticket to a sporting event, concert, or other event ...
Precious metals in the form of coins whose market value is determined by metallic content rather than scarcity. bullion value The current market value of the raw precious metal content of a coin. For example, the bullion value for Canadian silver coins minted between 1920 and 1966 is 12 times the face value when silver is $20.00 per troy ounce.
Silver prices rose over the course of the First World War, and international exports declined. This led to a shortage of foreign silver coins (chiefly the Mexican peso), and the Yuan Shikai dollar quickly replaced it as the primary trade coin within China. Traditional forms of currency such as tael and copper cash coinage declined due to the ...
The Auto Dollar (simplified Chinese: 贵州汽车币; traditional Chinese: 貴州汽車幣; pinyin: Guìzhōu qìchē bì; lit. 'Guizhou automobile coin', also known as the Motorcar Dollar or Kweichow Auto Dollar) is a silver one yuan coin minted by Chinese warlord Zhou Xicheng [] in 1928 to commemorate the construction of roadways in Guizhou province.
1960's -1970's: Some circulating coins still used silver in their composition, such as 1965-70 Kennedy half dollar coins, which were debased from 90% silver to 40% silver. However, as silver's metal value continued to increase, resulting in additional hoarding by the public, these coins were eventually debased entirely to cupronickel clad coinage .
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