The end of sound money in the UK: January 1st 1947
Throughout the month of January, ill be looking back at historical moments from the past. From conflicts to coronations, sporting moments to royal memories, and famous firsts and lasts. With my love of all things shiny and precious, ill be trying to tie these events in with coins that have been created to commemorate these moments.
SOURCE
So on this day way back in 1947, the last silver circulating coin was minted by the royal mint, because on the 2nd of January, 1947 The Royal Mint ceased using silver in the production of its coins, a process that was years in the making. The change began with the move from full-bodied to token coins; as coins that contained as much value in silver as they did at market value, were replaced with coins that were more valuable at market value than the metal they contained. From January 1947, silver coins were instead made of cupro-nickel, an alloy that combines copper and nickel.
Ever since I started my silver stacking journey, back in 2015, not only have i been busy collecting 1oz bullion coins, but what the Americans call "constitutional silver". Silver is still silver, in what ever form i can get ny hands on it, plus these little coins are far cheaper to buy individually.
With 2022 already upon us, ive set myself a challenge to fill this kilner jar with 50% pre-1947 silver
Theres currently about £400 of silver in this jar, so it looks like it might set me back a few thousand to fill it.
The Royal Mint still works with silver, but today it is used in the striking of commemorative coins or to create gifts; with silver being a traditional way to wish health, wealth and prosperity for many special occasions.
Proud member of #teamuk. Teamuk is a tag for all UK residents, ex-pats or anyone currently staying here to use and get a daily upvote from the community. While the community actively encourages users of the platform to post and use the tag, remember that it is for UK members only.
Come join the community over on the discord channel- HERE
Want to find out more about gold and silver? Get the latest news, guides and information by following the best community on the blockchain - #silvergoldstackers. We're a group of like minded precious metal stackers that love to chat, share ideas and spread the word about the benefits of "stacking". Please feel free to leave a comment below or join us in the community page, or on discord.
Hi @welshstacker,
Thank you for participating in the #teamuk curated tag. We have upvoted your quality content.
For more information visit our discord https://discord.gg/8CVx2Am
The striking of gold and silver commemorative coins by many different government and non-governmental mints is proof that precious metals is still money.
My friend bought a metal detector last year and on our first outing we found a Georgian coin, not worth an amazing amount but just exciting to find.
From now on I'll look out for these 1947 beauties, I bet there are loads out there just lying under the surface!
Cg
So any "silver looking" coin pre-1947 will contain silver - 3d, 6pence, shilling, half crown, crown, florin etc... anything pre-1920(i believe) is 92.5% silver.
Ive had a garrett ace 250 metal detector for about 8yrs. Ive found several little coins in my time, no coins of any value mind. I dod once find a medievil gold finger ring, that had to be declared as treasure. Its now aat in the cardiff natural history museum in a darkcdraw never to see the light of day again.