As I am sure you all know. We used to work for a single silver denarius for a hard days labour. Some say the denarius was 4.5 grams, some say 1/10th of an ounce of silver. Can we buy coins this size? If not would it be a good idea to start making them again?
There was someone making Per Diem 1/10oz rounds (pic below), but not sure if they're still in business. There's not a lot of fractional silver out there and it's usually expensive.
Picking up Australian predecimal silver is likely the most affordable way to invest in fractional or the US junk coins. Looks like the 50% shilling is the closest in silver content to the denarius at just under 1/10th an ounce. Coin Type Minted Silver / Coin (Oz) Quantity Total Silver Weight 92.5% Threepence 1910 - 1944 0.0419 50% Threepence 1947 - 1964 0.0227 92.5% Sixpence 1910 - 1945 0.0839 50% Sixpence 1946 - 1963 0.0453 92.5% Shilling 1910 - 1944 0.1680 50% Shilling 1946 - 1963 0.0908 92.5% Florin 1910 - 1945 0.3364 50% Florin 1946 - 1963 0.1818 Crown 1937 - 1938 0.8407
A lot of the world still works for 1/10th of an ounce or a few dollars a day. Somehow at some point in the past the western world group of countries greatly increased the value of their currency artificially. How?
Hardly, the 3rd world is very inefficient, for example someones job is carrying water in buckets from a river to the market each day, just back and forth all day, can't expect to be paid much for doing that. Also silver is not as rare as it was in ancient times, someone had to dig it out with a pick, today machines do it and extract more in greater amounts.
Buy Per Diem here: https://www.silverstackers.com/foru...ction-75-fantastical-fractional-silver.98337/
A tenth ounce is a standard size for fractional silver rounds, along with a quarter ounce. In the US, the major dealers usually carry them, like Silver.com, JM Bullion, APMEX, et al. I'm not sure what the norm is in Oz. https://www.silver.com/1-10-oz-silver-monarch-egyptian-nefertiti-rounds/ Premiums tend be brutal on fractional silver though. American junk silver, old circulation coinage, bounces around a tenth ounce, with quarters being 0.18 oz and dimes at 0.07 oz.
