For many investors, purchasing silver coins can be a solid investment. It can serve as the perfect way to diversify your portfolio. Figuring out whether you should hold silver coins can be a difficult decision to make for many people that want to purchase silver coins in Houston, TX.
Why is silver seen as a valuable commodity anyways?
You might have had this thought recently as you were searching for silver coins for sale in Houston, TX. Why are silver coins valuable anyway? It might seem strange to think about because we have always perceived silver as valuable, even as children in some cases. Some people in the Harris area like to argue that silver has no intrinsic value and that it is merely our barbaric thing that holds no value like it once did in the past. Many people in Texas like to argue that silver’s only value is in making jewelry and that we should only value paper money instead. However, while many countries’ economic systems have collapsed, silver has always remained. Here are some of the many reasons that silver, from an elemental perspective, has always been a valuable form of currency:
In a post-apocalyptic world, silver would be the object for exchange because of its sustainability factors. If a disaster were to strike, and our paper systems were to break down, silver will always be there as a sustainable method for currency exchange. It is one of the only substances on Earth that meets all the criteria for a good currency.
People will always argue that silver has no intrinsic value. However, you could make this argument with any form of currency exchange. The only way a currency has value is if the people give it value. A good currency works because people believe that the given currency has value. By doing this, it allows us to buy, sell, and exchange goods and services. This is what gives it value, and silver will always remain valuable because of this reason.
If you think about the evolution of the human species, we have always been tribal creatures. It is in our nature and being tribal helps us survive the worst of situations. Rather than having to take on the craziness of the wild by ourselves, we managed to figure out how to do it together. We prefer the company of others rather than merely being by ourselves all the time. In ancient times, it was easier to live off the land if we worked together, rather than if we did it by ourselves. By doing this, humans eventually figured out how to exchange goods and services properly. A form of currency allows us to exchange goods and services in an efficient and easy method.
Why do we use silver rather than other metals on the periodic table?
When thinking about currencies, the question of why we use silver rather than other metals might come up. Back in ancient times, our ancestors were forced into a dilemma. They had to find an effective way to exchange goods and services that did not include the barter system. Silver was the logical choice, but there are many reasons behind why this was the case. Here is a list of some other metals on the periodic table and why they do not make a suitable currency:
Metals such as palladium and platinum are considered “noble” metals. They are called noble metals because they do not react easily with any other element. As a result, they maintain their purity, and thus their nobility. These kinds of metals produce very little corrosion, so you would think that would make them a valuable form of currency. However, these types of metals are too rare for a currency to be made. In order for a currency to function properly, it must have enough of a rare factor and be available enough that it can be put into circulation. The noble metals such as platinum and palladium meet the rare factor criteria, but not enough of them can be made to be put into circulation as a currency.
While these metals can be produced abundantly, they corrode very easily over time due to their reactions with oxygen. While they meet the criteria for abundance, they lack the factor of not corroding. A good currency is one that does not corrode easily over time, and these metals do not meet that factor. Furthermore, when it comes to the psychology of a currency, its weight gives it perceived value. Humans perceive heavier objects as more valuable objects. As a result, a good currency must have a certain amount of a heavyweight factor to it. Metals such as aluminum do not meet these criteria and, as a result, are not a good form of currency.
Silver and gold both meet the criteria of what a good currency must have. They both do not corrode easily, they both have a weight factor to them, and they both can be made in abundance for circulation purposes. This makes them the perfect metal for a stable and sustainable currency, and it is why our ancestors chose these two metals for their currencies.
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If you are searching for silver coins for sale, then Professional Coin Galleries has got you covered! We offer a wide variety of silver coins for sale in the Harris County area! Furthermore, our expert professionals are here to help you with any questions that you might have while purchasing! Just give Professional Coin Galleries a call at 888-706-3237 and we will get you in touch with one of our expert professionals as soon as possible!
Houston is the most populous city in the U.S. state of Texas, fourth-most populous city in the United States, most populous city in the Southern United States, as well as the sixth-most populous in North America, with a population of 2,304,580 in 2020. Located in Southeast Texas near Galveston Bay and the Gulf of Mexico, it is the seat of Harris County and the principal city of the Greater Houston metropolitan area, which is the fifth-most populous metropolitan statistical area in the United States. Houston is the southeast anchor of the greater megaregion known as the Texas Triangle.
The Houston area occupying land that was home of the Karankawa (kə rang′kə wä′,-wô′,-wə) and the Atakapa (əˈtɑːkəpə) indigenous peoples for at least 2,000 years before the first known settlers arrived. These tribes are almost nonexistent today; this was most likely caused by foreign disease, and competition with various settler groups in the 18th and 19th centuries. However, the land remained largely uninhabited until settlement in the 1830s.
The Allen brothers—Augustus Chapman and John Kirby—explored town sites on Buffalo Bayou and Galveston Bay. According to historian David McComb, ‘[T]he brothers, on August 26, 1836, bought from Elizabeth E. Parrott, wife of T.F.L. Parrott and widow of John Austin, the south half of the lower league [2,214-acre (896 ha) tract] granted to her by her late husband. They paid $5,000 total, but only $1,000 of this in cash; notes made up the remainder.’
The Allen brothers ran their first advertisement for Houston just four days later in the Telegraph and Texas Register, naming the notional town in honor of President Sam Houston. They successfully lobbied the Republic of Texas Congress to designate Houston as the temporary capital, agreeing to provide the new government with a state capitol building. About a dozen persons resided in the town at the beginning of 1837, but that number grew to about 1,500 by the time the Texas Congress convened in Houston for the first time that May. The Republic of Texas granted Houston incorporation on June 5, 1837, as James S. Holman became its first mayor. In the same year, Houston became the county seat of Harrisburg County (now Harris County).
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