A number of coins that are no longer made of silver were created in silver for quite a long time in centuries past. Not only were British pennies made out of silver up to at least 1800, ancient Persians utilized silver for their coins right around six hundred to three hundred BC. For years people have also thought to buy silver much like they buy gold so as to create a sort of hedge fund against the potential loss of economic stability in a particular country. Silver coins of the past are quite collectible these days, especially ones of a type that still exist today but are no longer silver.