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Old January 2nd 12, 12:43 AM posted to nyc.transit,uk.transport.london
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First recorded activity at LondonBanter: Dec 2011
Posts: 14
Default coinage, was bus partitions

On Sun, 01 Jan 2012 19:21:04 +0000, "
wrote:

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?


I tried that once. I got a silver dollar. Neither the paper nor the
coin had $1 worth of silver metal, however!

Also, were silver certificates regularly used as general currency?


Yes, before the Federal Reserve Notes started to circulate in the
1950s.
--

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