And what country can preserve its liberties if their rulers are not warned from time to time that their people preserve the spirit of resistance? Let them take arms. The remedy is to set them right as to facts, pardon and pacify them. What signify a few lives lost in a century or two? The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.
I remember having Silver Certificates when I was a boy. My Dad said they could be exchanged at the bank for silver dollars.
Being a doubting Thomas, I presented some at the bank; they gave me silver dollars in return. As usual, my Dad was right.
Not many years later, silver certificate notes ceased being exchangeable. That was around 1964 IIRC. I sure wish I'd got and kept a lot of those silver dollars, some are worth big bucks now!
Back decades ago I was in Budapest Hungary before the Iron Curtain fell, so it was still very reluctantly Communist and a member of the eastern block. One of our group went to a bank to exchange his forints back into dollars, and the dollars he got were silver certificates. The Hungarians were pulling from a stash of really old dollars, and didn't appreciate the numismatic value they were just giving away. As to the silver certificates, it's my understanding, and I could be wrong, that the mint will still exchange your silver certificates, at face value, for silver nodules, should you want them to. Never happens because the numismatic value of the certificates far exceeds the face value of the silver you'd get.
The government stopped exchanging silver certificates for silver dollars (or silver bullion) in 1968. Most silver certificates are only worth face value today.
Back when currency was redeemable for precious metal, and our coins were all silver.
ReplyDeleteThe fiat currency today is another matter entirely.
Very nice. I am a Canadian and on the whole I always thought our currency looked nicer.
ReplyDeleteThose are awesome- have Colonial Currency and a wad of sliver certificates but none as cool as those.
ReplyDeleteI remember having Silver Certificates when I was a boy. My Dad said they could be exchanged at the bank for silver dollars.
ReplyDeleteBeing a doubting Thomas, I presented some at the bank; they gave me silver dollars in return. As usual, my Dad was right.
Not many years later, silver certificate notes ceased being exchangeable. That was around 1964 IIRC. I sure wish I'd got and kept a lot of those silver dollars, some are worth big bucks now!
Back decades ago I was in Budapest Hungary before the Iron Curtain fell, so it was still very reluctantly Communist and a member of the eastern block. One of our group went to a bank to exchange his forints back into dollars, and the dollars he got were silver certificates. The Hungarians were pulling from a stash of really old dollars, and didn't appreciate the numismatic value they were just giving away.
DeleteAs to the silver certificates, it's my understanding, and I could be wrong, that the mint will still exchange your silver certificates, at face value, for silver nodules, should you want them to. Never happens because the numismatic value of the certificates far exceeds the face value of the silver you'd get.
The government stopped exchanging silver certificates for silver dollars (or silver bullion) in 1968. Most silver certificates are only worth face value today.
Deletehttps://www.usmint.gov/learn/history/historical-documents/treasury-publishes-procedures-exchanging-silver-certificates-for-silver-bullion
Just FYI.