The end of sound money in the UK: January 1st 1947

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·@welshstacker·
0.000 HBD
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.

<center>https://images.hive.blog/DQmfWWQ2MndMibAKJyGUpjdAE7ECZHJCR3T8iqe3K5gMhiq/Screenshot_20220101-204642_Chrome.jpg
[SOURCE](https://www.danburymint.co.uk/dw/image/v2/BDZH_PRD/on/demandware.static/-/Sites-full-catalog/default/dw910056cb/images/hi-res/the-last-six-decades-of-silver_UK-LDSC_a_main.jpg?sw=1000&sh=1000)</center>

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.

<center>![20220101_212607.jpg](https://images.hive.blog/DQmTNeBWEm6wdWd4eALhnA3XkDyg8e6mCfsXEUjKJgsiT2o/20220101_212607.jpg)</center>

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

<center>![20220101_212617.jpg](https://images.hive.blog/DQmW2qgFKPmgYo3RQejFzMLrWrDxRHGZi5jYtKaQrsh1uvE/20220101_212617.jpg)</center>

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.

[ROYAL MINT](https://www.royalmint.com)

<center>![Screenshot_20211227-214606_Chrome.jpg](https://images.hive.blog/DQmXnu9NewJF9z3ZE8EtJBnLf4EYh9pvphNMdQffAp9zBHf/Screenshot_20211227-214606_Chrome.jpg)</center>

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](https://discord.gg/D2zBEV4R)

<center><img src="https://files.peakd.com/file/peakd-hive/thekittygirl/5YzP6pdV-SilverGoldStackers.jpg"></center>
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<center>![Screenshot_20211210-221357_Chrome.jpg](https://images.hive.blog/DQmeJxhG7QbRhw3erG96e2VkrbPsZLHEY6pzRFqTuxN2KXE/Screenshot_20211210-221357_Chrome.jpg)</center>
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