On 01/01/2012 19:05, Phil Kane wrote:
On Sun, 1 Jan 2012 09:25:53 -0800 (PST), "Peter T. Daniels"
wrote:

Similarly, when all paper money stopped being
issued except Federal Reserve Notes, they simply stayed in circulation
until they wore out. I remember at least three different kinds --
their designs were almost identical (the engraved scrollwork may have
differed), but the seal and serial numbers were in different colors --
one of them was Silver Certificates, I think with a blue seal. (FRNs
have a green seal.)

Silver Certificates have blue seals and numbers (I have a few stored
with some $2 bills), FRNs are green, and U.S. Notes (very rare) had
red. "Occupation Money" - specially printed for Hawaii after the
attack on Pearl Harbor and later used to pay GIs in Japan - had
yellow. Rarest of all now.

About 20 years ago I asked a family friend who was a coin and currency
dealer what the value of my Silver Certificates was. "Face Value", he
said. I didn't have enough to buy the "mini-Hershey Bar" of silver
that the Treasury was offering as an incentive (gimmick?) to get them
out of circulation.
--

Phil Kane - Beaverton, OR
PNW Beburg MP 28.0 - OE District

I don't quite understand how silver certificates worked. What I've
heard, you could take one to a bank and redeem it for silver. But how
would that silver actually be distributed?

Also, were silver certificates regularly used as general currency?