# Comment: Silver in Jesus times, Mining History Spot, & silly approx. math

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### Silver in Jesus times, Mining History Spot, & silly approx. math

Silver in Jesus times

"The word used in Matthew 26:15 (arguria) simply means 'silver coins', and scholars who accept the historical reliability of the narrative disagree on the identity of the coins involved. Donald Wiseman suggests two possibilities for the identity of the coins used to pay Judas. They may have been tetradrachms of Tyre, usually referred to as Tyrian shekels (about 0.5 troy ounces), or they may have been staters from Antioch, which bore the head of Augustus. Alternatively, they may have been Ptolemaic tetradrachms. A drachma was aproximately a day's pay for a skilled laborer. So the 30 pieces of silver - at four drachmas each - would roughly be comparable to four months' wages for skilled labor at the time."

Yes : only 15 troy ounces of silver for 4 months worth of wages (source).

Silver Mining History Spot (2010)

In 2010, total global mine production of silver was approximately 735 million troy ounces (source).

Silly, grossly approx. maths

1. Silver production : let's make it 1,000 million oz/year for convenience, throughout 2,000 years non stop (vastly, vastly overestimated, within the integral !)

This gives us 2,000 * 1,000 million oz = 2,000 billion oz = 2 trillion oz (2*10^12 oz).

2. Let us assume that, beyond gold reserves otherwise, and industrial silver usages for manufacture, "only" 25% (likely overestimated again ?) of it remains relevant as one of the coined currencies in circulation on today's markets :

25% of 2 trillion oz = 500 billion oz.

Note : a much, much questionable figure, done purposedly; read on.

3. Then, divide by 500 million of actually active silver holders, along with their families (yet again, vastly, vastly overestimated, this time to compensate for (1) and (2) simultaneously) :

500 billion oz / 500 million = 1,000 oz per holder and ... per their life time, for this generation.

Question :

Does it still make ANY sense to have dozens (hundreds ? thousands ?) trillions of worthless dollar and euro bills (and others) to represent one's portable and divisible, saved wealth ?

Er...

I don't think so.

"Cyril" pronounced "see real". I code stuff. I care quite a bit about language.

http://Laissez-Faire.Me/Liberty

Did you know? 1,299,830,899,481 can be factored in no more than 55,655 steps.