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London Transport (uk.transport.london) Discussion of all forms of transport in London. |
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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 |