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Why was .720 silver so popular in silver world coinage?
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<p>[QUOTE="Gallienus, post: 24589845, member: 42034"]Well if it had been me I would've just looked for a Mexican Revolutionary Parral Peso of Poncho Villa and forgotten the girls...</p><p><br /></p><p>Back on the .720 theme. The era of gradual debasement of silver in LAtin America in the 1800's was called the Moneda Feble era. It lasted from 1830 until around 1852 and severely damaged the economies of several nations in northern Latin America for decades.</p><p><br /></p><p>Here the target was to make coins of .666 fine but this opened the door to counterfeiting those pieces to bad pieces made from pure copper.</p><p><br /></p><p>The .720 issues in Mexico seem an attempt to keep some silver in circulation as I recall even the famous Mexican Pesos of the 1960's having .100 fine silver.</p><p><br /></p><p>I think Ecuadorian 5 sucres during the 40's were also .720 fine. Nearly the same date as your Mexican coin tho. I wonder if the alloy came from similar sources?</p><p><br /></p><p>[ATTACH=full]1561651[/ATTACH]</p><p>-- from NGC coin facts, you can see the 0.720 on the reverse.[/QUOTE]</p><p><br /></p>
[QUOTE="Gallienus, post: 24589845, member: 42034"]Well if it had been me I would've just looked for a Mexican Revolutionary Parral Peso of Poncho Villa and forgotten the girls... Back on the .720 theme. The era of gradual debasement of silver in LAtin America in the 1800's was called the Moneda Feble era. It lasted from 1830 until around 1852 and severely damaged the economies of several nations in northern Latin America for decades. Here the target was to make coins of .666 fine but this opened the door to counterfeiting those pieces to bad pieces made from pure copper. The .720 issues in Mexico seem an attempt to keep some silver in circulation as I recall even the famous Mexican Pesos of the 1960's having .100 fine silver. I think Ecuadorian 5 sucres during the 40's were also .720 fine. Nearly the same date as your Mexican coin tho. I wonder if the alloy came from similar sources? [ATTACH=full]1561651[/ATTACH] -- from NGC coin facts, you can see the 0.720 on the reverse.[/QUOTE]
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Why was .720 silver so popular in silver world coinage?
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