Daniele
Sat Jul 20 2024
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5 answers
1217
When did the silver in US coins end?
Good day, I am interested in a historical matter regarding US currency. Could you please enlighten me on the timeline of when silver was phased out of US coins? I understand that there was a transition from silver-based coins to other materials, but I'm curious about the specific years or decades in which this transition occurred. It would be fascinating to know the context and reasons behind this historical shift in US currency. Thank you for your time and assistance in this matter.
WhisperVoyager
Fri Jul 19 2024
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6 answers
1123
What coins are based on the price of silver?
In the vast landscape of cryptocurrencies, many coins have been designed to mirror or track the price movements of traditional commodities. One such commodity that has garnered significant interest in the crypto world is silver. Could you elaborate on which coins are specifically based on the price of silver? Are there any coins that utilize a pegged or algorithmic approach to maintain a correlation with the spot price of silver? Additionally, how do these silver-based coins function in terms of supply, demand, and market liquidity? Understanding the mechanisms behind these coins would provide valuable insights into the intersection of traditional commodities and the emerging world of cryptocurrencies.
Claudio
Mon Jul 08 2024
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5 answers
1278
What is a 1 oz silver bitcoin?
Could you please elaborate on the concept of a "1 oz silver bitcoin?" It seems to be a unique blend of traditional physical silver and the digital world of cryptocurrencies. Is this a physical coin that contains one ounce of silver and is somehow linked to a bitcoin, or is it a digital token that represents a value equivalent to the price of one ounce of silver? If it's the latter, how does the linkage between the silver's value and the digital token work? And what are the benefits or drawbacks of investing in such an asset? Clarifying these points would greatly help me understand the nature and implications of a "1 oz silver bitcoin.
CryptoGuru
Tue Jul 02 2024
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6 answers
949
How much is a 1 oz silver American Eagle worth?
Could you please elaborate on the current market value of a 1 oz silver American Eagle coin? I'm particularly interested in understanding how its price is determined, including any potential factors that might affect its worth. Is it based primarily on the spot price of silver, or are there additional premiums or fees that are taken into account? I'm also curious to know if there's a significant difference in value between brand-new coins and those that have been circulated for some time. Finally, is there a reliable way to track the historical price fluctuations of this particular coin? Thank you for your insights.
CryptoVisionary
Tue May 21 2024
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7 answers
977
Is XLM backed by silver?
Could you please clarify for me if the cryptocurrency XLM, also known as Stellar Lumens, is backed or supported by silver in any way? I've heard some rumors about this, but I'm not entirely sure if there's any truth to it. Is there a direct correlation between the value of XLM and the price of silver? Or is this just a misunderstanding among cryptocurrency enthusiasts? If XLM is indeed backed by silver, could you explain how this works and what the implications are for investors? Thank you for your assistance in clarifying this matter.
