Education Centre

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Silver as money

Know your silver bullion coins

Silver has been used as money for longer than any other monetary metal, with a history as coinage stretching back thousands of years. The most famous historical silver coins include:

  • Greek silver Drachmas (387 BC)
  • Roman Denarius (64 BC)
  • Spanish silver dollars (‘Piece of Eight’ – 1497)

Today silver bullion coins still attract collectors, with the most famous silver coins being the:

  • US silver Eagle
  • British silver Sovereign
  • Canadian silver Maple Leaf

Demand for physical silver as official, or unofficial, money remains strong, with recent moves to introduce the silver Libertad into circulation in Mexico and certain US states returning to silver coinage. Many commentators see this demand growing as savers increasingly look for alternatives to government-issued currencies and choose to opt for physical silver coins.