Guide to Finance

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The History Of Silver

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The term silver dollar can be misleading. While the metal silver is used, the whole term actually generally refers to any large white metal coin, with a face value of one dollar, issued by the United States of America. Several purists have expressed their concern about and protest against the term, insisting that a dollar should not be called silver unless it really contains some, if not all, of the metal in question. Still, the term silver dollar lives on to pertain to coins with one-dollar values.



Beginning the twentieth century, dollar coins or silver dollars have found a significant decrease in popular acceptance in circulation in the United States of America. Since 1971, there have been many attempts to revive the silver dollars place as legal tender, with suggestions to phase in a coin to replace the one dollar bill, but all have proved futile. Other developed countries, on the other hand, still have denominations of like value exist only in coin. For example, there are the British 50 pence coin, the Canadian loonie and toonie, the 1 and 2 Australian dollar coins, the 50 New Taiwan dollar coin, the 1 and 2 Euro coins, and the 100 and 500 Japanese yen coin, to name a few; the silver dollar values still exist in these countries.

Before dollar coins or silver dollars were born, paper currency was first tried out by a then fledgling United States. However, this form of money did not last long and in 1776, the Continental Congress approved and carried out plans for the production of silver coins to replace the quickly failing Continental, which is what the fledgling country called its paper currency. Unfortunately, silver coins were never actually produced at the time, owing to the Revolutionary War which was taking place. Thomas Jefferson, influenced by the failure of the Continental and the overall distrust in paper currency that was widespread during the period, wrote letters indicating his desire for the United States to mint coins that have similar value with and worth to contemporary foreign coins. Indeed, such is the clamor for coins and silver dollar values.

The United States Mint, officially authorized by the Coinage Act of 1792 to produce dollar coins from silver, produced silver dollar coins from the year 1794 continuously until 1803, when the robust silver dollar production were stopped until 1836. Mint Director David Rittenhouse, distributed the first silver dollars, which were 1,758 all in all, as souvenirs to the dignitaries at that time. Today, coin collectors from around the world highly prized original silver dollars made during the said period, including the Flowing Hair (1794-1795) and the Draped Bust (1795-1804), of which there are two varieties, namely the small eagle (1795-1798) and the heraldic eagle (1798-1804). Some of these silver dollar values are extremely rare and exceptionally valuable, especially because they are the earliest examples of massively circulated coins ever struck by the United States Mint, thus bearing an incomparable mystique for serious coin collectors worldwide.
The History Of Silver
For thousands of years, even before the birth of Christ, silver has been used all over the world for its healing and anti bacterial properties. The famous Greek physician, Hippocrates (who is considered by many as the father of modern medicine), wrote that silver could prevent disease and had special healing properties. Consequently, the Ancient Greeks and Romans used silver utensils as well as silver urns to keep water and other liquids fresh.

Ancient Egyptian writings indicate that they used silver too; as did the ancient Chinese who's Emperors ate with silver chopsticks.

During the Middle Ages wealthy families gave their children silver spoons to suck on as protection from the horrific plagues that ravished Europe; hence the expression, ?born with a silver spoon in his mouth?. To this day, people still refer to ?getting their best silverware out?, for special occasions.

Early American pioneers dropped silver coins into their wells and water barrels to keep the water safe from bacteria and algae. Likewise, settlers in the Australian outback suspended silverware in their water tanks to retard spoilage. Dairy farmers often used silver milk pails to keep the milk from spoiling.

In the late 1800's, Western scientists re-discovered the use of silver as an anti-bacterial agent. By the early 1900's, the use of silver in Western medicine had become widespread. Surgeons used silver sutures to close surgical wounds; in order to prevent infection and to accelerate the healing process. There were however a few controversies at this time. This was due to the overuse of certain protein-bound silver products leading to a skin discoloring condition know as argyria, as well as improperly prepared and unstable silver. However, reputable medical journals reported that properly prepared silver solutions were safe with no adverse side effects. It was reported in February 16th, 1918, by T. H. Anderson Wells in the Lancet, that colloidal silver solution was ?used intravenously . . . without any irritation of the kidneys and with no pigmentation of the skin?.

Silver leaf was even used to prevent infection in soldiers wounds during World War I. However, silver lost favour in the 1930's due to the emergence of new synthetically manufactured antibiotic drugs, hailed at the time as ?wonder drugs?. It wasn't until some time later that antibiotic resistant strains of bacteria emerged leading to an ongoing cat and mouse game between super resistant bacteria and the pharmaceutical companies.

Nevertheless, during World War II (1939 to 1945), colloidal silver solutions were often used as a topical antiseptic and either taken orally or even injected as an antibiotic.

In the 1970's, silver made a comeback into mainstream medicine when the late Dr Carl Moyer, chairman of Washington University's Department of Surgery was given a grant to research better treatment for burn victims. A silver compound was found more effective than 22 other antiseptics at killing invasive burn bacteria and allowing the burn wound to heal. Today Silver Sulphadiazine (Silvadene) is used in 70% of American burn centers.

A recent report states that some 275,000 kg (605,000 lbs) of edible metallic silver foil are eaten ever year in India. This may be due in part to its use in Ayurvedic (traditional Indian) medicine as a tonic, elixir or rejuvenative agent for age or debilitating diseases.

Modern clinical studies have proven the efficiency of ultra-dilute silver colloidal solutions as an extraordinary, powerful and safe, bactericidal agent from which bacteria and viruses are unable to develop a resistance.
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About Author
Both Gareth Bray & Charlie Wildish are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Gareth Bray has sinced written about articles on various topics from Family Concerns, Hobbies for the Family and Finances. PART 2 - For part two of this article, head on to where you can also find the best places to. Gareth Bray's top article generates over 6600 views. to your Favourites.

Charlie Wildish has sinced written about articles on various topics from Marketing, Multi Level Marketing and Blogging. For further information on the latest advances in colloidal silver solution technology, go to: Relax and see the video pre. Charlie Wildish's top article generates over 246000 views. to your Favourites.
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