When The French Would Use Silver For Their 5 Francs CoinsSubmitted by Cyril on Tue, 03/05/2013 - 23:40
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 %) :
... today valued at 7.11 EUROS each 5 Francs...
Although of fiat money face value: 5 / 6.55957 = 0.76 EURO
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 !