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Why Did So Much Ancient Silver Disappear? Archaeologists Reveal the Answers

Why Did So Much Ancient Silver Disappear? Archaeologists Reveal the Answers

Silver was an important currency in ancient times but has gradually faded from public view with the passage of time. Archaeologists have explored the reasons behind this phenomenon, uncovering historical roots for the disappearance of silver.

The earliest use of silver dates back to the Spring and Autumn period, where it gained widespread currency during the Han dynasty. However, during the Sui and Tang dynasties, copper coins and gold began to dominate the currency system, until silver regained its primary status in the Song dynasty. The rise of paper money later challenged this dominance once again.

Silver's consumption is diverse, not only functioning as currency but also being favored as a precious metal, particularly in burial contexts and jewelry. During the Qing dynasty, unequal treaties led to a massive outflow of silver, with reparations reaching up to 1.3 billion taels. This was a significant factor in its disappearance. Furthermore, when the Nationalist government retreated to Taiwan, they transported a large amount of silver with them, further diminishing its presence on the mainland. Despite its near absence as currency today, silver continues to play an important role in various fields, including industry and medicine.