We used to have silver coins too but soon the price of silver was higher than the nominal value of the coin it was no longer practical to use silver in coins. I used to collect 1 peso coins with some silver content in them.
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Just like most countries silver just got too expensive to be in coins, same here in the US after 1964. Before most coins were silver, now none unless they are special mint sets not for circulation. It's always smart to collect coins with silver!