Silver certificates enable investors to purchase silver without physically possessing the product. They reflect a certain volume of silverbullionbought or kept by investors and were considered receivable to the holder on demand. In 1878, the United States released its first silver-certified dollar notes...
The curiosity is that President Kennedy’s last executive order on 4th June 1963 was to phase out silver certificates. The reason was the government’s expectation of a silver bullion shortage. Many people exchanged those banknotes for silver dollars by March 1964 or for raw silver bullion during...
Values and Grading:Condition is of the utmost importance when dealing with 1923 $1 silver certificates. You also need to consider which of the six types (listed above) that your note falls under. We are specifically discussing the common ones here. Choice Uncirculated or Better:1923 $1 silver...
Hawaii Stamped Brown Seal Bills During World War II The United States issued special money to be used in Hawaii in case Japan took over the islands. The idea was that this special money could be devalued if the Japanese gained access to it. Today most of the surviving examples were kept ...
So what do people mean when they say that fiat money is “intrinsically worthless?” They mean it has no value if it loses the role of being the MOA, whereas gold and silver had significant value in other areas of life. (I.e. Confederate paper money after the Civil War.) So this be...
Other Facts:1923 and 1928 one dollar bills are the only large size notes that were issued as both silver certificates and legal tender notes. It is always striking to see the blue seal silver certificate beside the red seal legal tender note. There are lots of low serial number 1923 $1 ...