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Alpaca silver, also known as German silver, was developed in 1823 as the result of a German competition held with the goal of developing an alloy that had the most visual similarity to silver. Its trademark name Alpaca became widely known in Northern Europe as a source of nickel silver.
Although it is not as financially valuable as silver, alpaca silver is a popular material amongst some jewelers and craftsmen.
In Mexico, Central America and South America, alpaca silver is frequently used to make jewelry and crafts. It is incredibly durable and malleable, allowing itself to be shaped into detailed pieces while being strong enough to hold its shape.