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Friday, November 13, 2015

Silver Certificates: A Lesson in the Disappearing Value of Paper Currency

http://www.junksilverbook.com/?p=56

If you ask the average person what a Silver Certificate bill is today, the vast majority of people have no idea.    There was a time in the not too distant U.S. history when $1, $5, and $10 silver certificate bills circulated as regular currency.   They look almost identical to a Federal Reserve Note that everyone is familiar with.  The main visual difference is the blue seal, the text “Silver Certificate” instead of “Federal Reserve Note”, and the extra text at the bottom saying “Ten Dollars in Silver Payable to the Bearer on Demand”.

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