These numismatic items represent a specific weight and composition of precious metal. The designation indicates that each individual piece contains one and a half troy ounces of fine silver. For example, a collection of these pieces would collectively possess a substantial quantity of silver determined by the number of units present.
Possessing these items can serve multiple purposes. They can function as a tangible store of value, offering a hedge against economic uncertainty or currency devaluation. Historically, silver has been recognized as a valuable commodity, and owning these specific denominations allows individuals to participate in that established market. Furthermore, they can be collected for their aesthetic appeal, historical significance, or potential future appreciation.