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Republican campaign poster of 1896 attacking free silver. Free silver was a major economic policy issue in the United States in the late 19th century. Its advocates were in favor of an expansionary monetary policy featuring the unlimited coinage of silver into money on-demand, as opposed to strict adherence to the more carefully fixed money supply implicit in the gold standard.
In 1792, the gold/silver price ratio was fixed by law in the United States at 15:1, [11] which meant that one troy ounce of gold was worth 15 troy ounces of silver; a ratio of 15.5:1 was enacted in France in 1803. [12] The average gold/silver price ratio during the 20 th century, however, was 47:1. [13]
Silver is a chemical element; it has symbol Ag (from Latin argentum 'silver', derived from Proto-Indo-European *h₂erǵ 'shiny, white') and atomic number 47. A soft, white, lustrous transition metal, it exhibits the highest electrical conductivity, thermal conductivity, and reflectivity of any metal. [ 8]
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.500 silver, .500 copper 23.30 grams 36.07 mm N/A Reeded Proof/nickel bronze dollars (see Loonie for history) 1987–present Nickel Plated with Bronze 7.00 grams 26.50 mm 1.90 mm 11-sided plain Proof silver dollars 1992–2002 .925 silver, .075 copper 25.175 grams 36.07 mm 2.95 mm Reeded Proof silver dollars 2003–2006 99.99% silver
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The name is mostly applied informally to compositions between 20–80% gold and 80–20% silver, but these are strictly called gold or silver depending on the dominant element. Analysis of the composition of electrum in ancient Greek coinage dating from about 600 BC shows that the gold content was about 55.5% in the coinage issued by Phocaea .
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