This is part 3 of my series of articles on the history of silver.
To read part 1 click here.
To read part 2 click here.
So far I’ve spoken about the history of silver in the ancient world and then the silver mines of Spain during the Roman period and then the silver produced in Latin America after the Spanish conquest of parts of that region of the world.
The Spanish revolutionized silver production in Mexico by using their methods of silver production which the local Mexicans had not witnessed before. The production of silver shot up in Mexico and were used to fill the coffers of the mighty Spanish empire in Madrid. One of the main sources of silver mining was in the town of Guanajuato, which is now a UNESCO world heritage site. There were also other famous mines in towns such as Zacatecas and others.
In another part of Latin America further south, Peru alongside Mexico are said to be the two largest producers of silver in the world. Silver was produced by the Incas the ancient Andean civilization in that part of the world and continues to this day.
Bolivia was also important and also has a silver mining industry to this day including the Potosi mines which were founded in 1545.
Ibero-American silver mining is the biggest in the world till this day and is a multi-billion dollar industry with their silver being used all over the globe.