Weight: 31.1 Grams
Purity: 999 Pure Silver
Denomination: 1 XAG
The intrinsic tender movement seeks to popularise the use of gold and silver as currency, as these metals have intrinsic value unlike the legal tender notes and coins that we are used to using day to day.
The reverse features the currency denomination 1.00 XAG, with XAG being the currency code for silver under the ISO 4217 international standard. XAG is not the official currency of any nation, however the precious metals gold (XAU), silver (XAG), platinum (XPT) and palladium (XPD) all feature on this internationally accepted list of currencies.
In conjunction with the XAG currency code, the legend Instrinsic Tender has been selected for the reverse. This enforces the concept of the fungibility of silver facilitating its use as an acceptable tender for barter situations. These rounds are not coins, and are not legal tender.
Designed by Elise Martinson, an acclaimed Melbourne designer with several Perth Mint legal tender bullion issues to her credit, the Silver Buffalo features original artwork inspired by the 1913 Buffalo nickel designed by James Earle Fraser.