The History of Silver, Part 1

Silver is a precious metal that has been used byof Spanish silver. After the Punic Wars, the
humans since the dawn of civilization. In this firstRomans replaced the Carthaginians as the
part of a two part series we will look at the earlyexploiters of Spanish silver and extended their
history of silver.silver mining to other areas of continental Europe.
Old World Silver (4000 BC - 1500 AD)Spanish mines were a critically important source
The area of Anatolia (modern Turkey) isof silver for nearly 1,000 years, though their
considered the first major source of mined silver.exploitation was halted temporarily by the Moorish
It provided the resource to craftsman throughoutconquest of Spain in the 8th century A.D.
Asia Minor. Silver from the Anatolian region largelySpanish mines not only provided a substantial
served as the silver source for the Westernportion of domestic needs of the Roman Empire
cultures flourishing in the Near East, Crete, anduntil 476 A.D. They also served as a critical source
Greece.of silver for the Asian spice trade. To meet the
Silver craftsmanship was centered largely in Asiaburgeoning trading requirements, Greece, Asia
Minor and Greek Islands, along with areas ofMinor, and Italy supplemented the Spanish
mainland Greece dominated by the Mycenaeanproduction.
culture.The Moorish invasion of Spain necessitated that
Asia Minor provided most of the supply for thethe exploitation of silver move to a broader
flourishing silver market.spectrum of countries, principally in Central Europe.
A concentrated effort to mine silver beganSeveral major silver mine discoveries were made
sometime after 3000 B.C.between 750 and 1200 A.D., including the classic
The first sophisticated processing of silver oreSchemnitz, Rammelsburg, Goslar, and Saxony
was attributed to the Chaldeans in about 2500regions in Germany. Discoveries of silver were
B.C., who used a "cupellation" process to extractalso made in Austria-Hungary and elsewhere in
silver from lead-silver ores.Eastern Europe.
The need for traditional silver resulted in theAlthough mine production in Spain dominated the
location and exploitation of silver deposits in whatfirst 1,000 years A.D., it was balanced by the
is now Armenia.
After the catastrophicdecline in production at Laurium and Asia Minor.
destruction of the Minoan (Cretan) civilization inThe real expansion in production occurred in the
1600 B.C. and the decline of the Mycenaean500-year period from 1000-1500 A.D., when the
culture around 1200 B.C., the focus of silvernumber of mining locations and, to a lesser
production changed.extent, the improvements in mining and
The mines of Laurium (near Athens) became theprocessing technology occurred.
leading production center and provided silver forA major area of silver production was the
the burgeoning Greek civilization. The silver tradediscovery of the New World in 1492, after which
throughout Asia Minor and North Africa expandedtime major silver mines in Mexico, Bolivia, and
significantly after the 8th century B.C. 
Peru were opened, leading to a rapid rise in the

 The Laurium mines were highlyannual world production of silver.
productive; estimates from historical writings andThis rise, coupled with improved techniques for
physical evidence from old mine dumps indicateextracting silver from ore, broadened both the
silver production to have been about 1 million troyquality and quantity of ore that could be exploited.
ounces per year at Laurium during the height ifLater improvements, particularly in the late 19th
production (600 B.C. to 300 B.C.).and early 20th centuries, vastly enhanced the
For about 1,000 years ending around the 1stbase of silver production and accelerated the
century A.D., the Laurium mines were the largestexploitation of silver as a byproduct of base-metal
individual source of world silver production. Outsidemining.
the Laurium mines, production was concentratedOnly about 25 percent of cumulative world silver
mainly in Asia Minor, Sardinia, other Grecianproduction occurred before the 1770s.
locations and, to a limited extent, in Asia.In the next article we will look at New World
The period following the heyday of Greek miningproduction of silver and its role in the silver
in Laurium included the Carthaginians' exploitationindustry.