3 votes

When The French Would Use Silver For Their 5 Francs Coins

Looking back to a recent past (14 years ago) :

When the EURO took over the french Franc in 1999, the EURO - Franc parity was (quite arbitrarily, by the french and european central banks) set to :

1 EURO = 6.55957 Francs

...

Of course, the use of silver for french Francs coins had been abandoned long ago by then, already (1969).

Let's have a look at a pre-1969 coin of 5 Francs (12 grams weight, 10 of which are silver, thus fine .833 silver, i.e. 83.33 %) :

http://www.piece-argent.com/pieces-en-argent/5-francs-semeuse

... today valued at 7.11 EUROS each 5 Francs...

Although of fiat money face value: 5 / 6.55957 = 0.76 EURO

Which means:

7.11 / 0.76 = 9.35...

That is, a 835 % increase of value for these nice pre-1969 coins.

Happy pre-1969 5 Francs coins holders !

If you happen to come across those coins, please stack them for me... :P

Or, okay... for yourself !

;-)



Trending on the Web