Abstract: A fine silver alloy composition having at least about 99.5 weight percent silver, with the balance containing an element, or an oxide of an element, selected from the group consisting of: aluminum, antimony, cadmium, gallium, germanium, indium, lithium, manganese, magnesium, silicon, tin, titanium and zinc, the alloy composition having been formed by combining silver having a purity of at least about 99.90 weight percent with an element, or an oxide of an element, selected from the group, in a substantially non-oxidizing atmosphere. The alloy composition may be annealed in a substantially non-oxidizing atmosphere. The silver alloy composition may be hardened by internal oxidation. The composition is capable of being aged hardened to at least 136 percent of its annealed hardness, and this hardening may be irreversible. The composition may be resistant to tarnishing, and may have an aged hardness of at least about 48 VHN.