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Ounce Gram
Gold £1245.61 £40.047
Silver £19.161 £0.6160

Updated 13:32 28/02/21

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British silver coins


Silver has been used for coinage since the Roman denarius and was introduced into Britain during the coin reforms of Charlemagne. As a lower price alternative to gold, silver has remained a popular part of Britain’s coinage to this day, with silver bullion and proof coins still highly sought after.

british silver coins


Solid silver coins

Old silver coins can vary widely in the purity of their metal content, with the highest purity available often used pre-Sterling. During the twelfth century, Henry II introduced the Sterling Silver standard of .925 fineness – 92.5% of the coin being silver and the remainder made up of copper. Silver currency had debased up to Henry VIII’s reign, eventually being reduced to only one-third silver, but Edward VI reinstated the Sterling standard, and this would continue to be adhered to until 1920.

Following the First World War and the resulting global economic depression, silver content was reduced to 50% due to cost and supply shortage and was eliminated from circulating currency altogether in 1947. Modern silver bullion coins are fine silver - of .999 or higher quality.


Old silver coins

A large variety of silver coin denominations have been produced over Britain’s long history and include crowns, shillings, florins, pennies, twopence, fourpence and sixpence.

A common misconception is that the shared design work between the Gold Sovereign and the Silver Crown means the latter is actually a Silver Sovereign. Unfortunately, there is no such coin, but the Silver Crown is still a desirable collector’s item and a piece of British coin history.

Due to the age and limited numbers of coins still available silver coins of any purity can be immensely collectible and fetch impressive prices.

1658 Cromwell Shilling

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from £4,024.80

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1708 Anne Crown - Fine

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from £341.04

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1662 Charles II Crown - Nice Fine

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from £292.44

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1714 Anne Silver Half Crown

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from £245.52

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Edward I Silver Penny - Fine

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from £126.12

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Commemorative silver coins

Since its removal from currency, and decimalisation of the Pound Sterling, silver has been used for a number of bullion, proof, and commemorative coins produced by mints across the world.

‘Proof’ and ‘Brilliant Uncirculated’ coins are typically of the highest quality and are produced in limited numbers. This generally increases their value above the metal content as they are sought after items. The bullion coins are mass produced at a lower quality finish, but it is important to note they still contain the same quantity of silver and on a pure metal value are the same as proof and brilliant uncirculated coins.

The Royal Mint in the UK produces a number of such coins most years including the Britannia, Queen’s Beast and Lunar Series. To view our full range of silver coins, click here.