What is the earliest form of silver an auctioneer might encounter?

Coin silver is considered the earliest form of silver that an auctioneer might encounter. Historically, coin silver refers to a specific alloy used in the production of coins, which was also adopted for various silverware and items. The purity of coin silver was typically 90% silver, which made it a high-quality material in its time. As these coins were circulated and later melted down for use in creating utensils and household items during the 19th century, they became a staple in homes, particularly in the United States.

While other forms of silver like sterling silver, silver plate, and trade silver are also significant in the history of silverware, coin silver predates many of these items. Sterling silver, for instance, became more standardized in the late 14th century, while silver plating emerged even later with advancements in technology. Trade silver can refer to a variety of silver articles made for commerce but does not denote the earliest encountered form in the historical timeline. Understanding coin silver helps an auctioneer appreciate the evolution of silver items and their impact on market trends over time.