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- Spot Silver Price: $32.26
Silver coins were in regular circulation in Macau. The values below represent the intrinsic value of silver coins from Macau.
Macau silver coins that are in uncirculated condition, or that may be rare and collectible may also have numismatic value. You can use this table as a guide when buying and selling circulated silver coins from Macau.
The melt values are calculated and displayed in USD based on the today's silver spot price of $32.26 per troy ounce.
| Denomination / Currency | Years Minted | Fineness | Gross Weight (g) | ASW (g) | ASW (oz t) | Melt Value |
|---|---|---|---|---|---|---|
| 1 Pataca | 1952 | .720 | 3 | 2.16 | .0694 | $2.24 |
| 5 Patacas | 1952 | .720 | 15 | 10.80 | .3472 | $11.20 |
| 5 Patacas | 1971 | .650 | 10 | 6.50 | .209 | $6.74 |
| 20 Patacas | 1974 | .650 | 18 | 11.70 | .3762 | $12.14 |
The history of silver coins in Macau dates back to the early period of Portuguese colonization in the 16th century. Macau, as a Portuguese colony, became an important trading hub between the East and the West. Silver coins from various regions, including Spanish Reales and Mexican Pesos, circulated widely as they were accepted in international trade.
In the 19th century, the increasing trade activities led to a more standardized currency system. The Portuguese government introduced the Macanese Pataca in 1894, which was initially pegged to the Mexican Peso. Silver coins were a significant part of the currency system, reflecting the trends in global silver trade and monetary standards.
Throughout the 20th century, the usage of silver coins in Macau continued to evolve. The Macanese Pataca underwent various modifications, including changes in its silver content and denomination. By mid-20th century, the shift away from silver to other metals for coinage began, a trend seen worldwide due to the rising cost of silver.
Today, while silver coins are no longer in regular circulation, they remain a significant part of Macau's numismatic history. Collectors and historians value these coins for their historical and cultural importance, and special commemorative silver coins are occasionally issued to celebrate significant events.
The history of silver coins in Macau reflects the region’s rich colonial past and its role in global trade. From the early colonial period through to modern times, silver coins have been an integral part of Macau's monetary history, symbolizing its economic and cultural exchanges with the world.