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I can remember when our dollar bills said "Silver Certificate" on them

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panader0 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 10:54 PM
Original message
I can remember when our dollar bills said "Silver Certificate" on them
Now it's "Federal Reserve Note". Soon it will say "Wipe Here"
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cliffordu Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 10:57 PM
Response to Original message
1. Yep - or "light this end"
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poverlay Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 11:23 PM
Response to Original message
2. Yep, I remember too. In fact, I have a couple somewhere... n/t
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Mojorabbit Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-16-08 12:10 AM
Response to Reply #2
9. I have one my pop gave
me when I was little.
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Richard Steele Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 11:27 PM
Response to Original message
3. Yeah, they used to be an item that could be exchanged for something of value.
Now, they're just paper. Their value is an illusion.
And, like all illusions, it only lasts as long as
no one questions it.

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Codeine Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 11:39 PM
Response to Reply #3
5. The value of silver was also an illusion.
Basically people agree that certain substances (gold, silver, diamonds) are worth more than others, but there is nothing inherent in those substances that gives them special value.
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Canuckistanian Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 11:39 PM
Response to Original message
4. I'm a Bimetallist
Look it up.
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RB TexLa Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 11:41 PM
Response to Original message
6. Many places here accept Pesos I'm sure more and more will start using Euros

There is nothing requiring Americans to use Dollars.
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salguine Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 11:44 PM
Response to Original message
7. Dollar bills never said "Silver Certificate" on them. Silver certificates
said "Silver Certificate" on them. They looked almost identical to dollar bills, with a few changes, which is why people often mistake them for dollar bills. They were backed by silver and printed as an alternative to gold-standard paper currency. They stopped making them by around 1960.

But I'll bet you're right about the "wipe here".
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ColbertWatcher Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Sep-15-08 11:47 PM
Response to Original message
8. Or, they will say ...
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Hekate Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Sep-16-08 12:14 AM
Response to Original message
10. I kept one of those. I used to pull silver dollars out of circulation too. Jeez you make me feel old
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