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The Silver Story

Currency:USD Category:Coins & Paper Money Start Price:20.00 USD Estimated At:37.50 - 150.00 USD
The Silver Story
The Silver Story . .. This treasure album represents a look at a bygone era, a time when the average U.S. citizen could reach into his  pocket and get a silver coin. June of 1968 will always be remembered as the official time when Uncle Sam decreed that his silver certificates were no longer redeemable for silver. The tiny drops of silver granules which a citizen could get only by traveling to the San Francisco or New York Assay Office were his redemption fulfillment. No mail transactions were allowed so the number of redeemable certificates were minimal until the dealer in silver got into the story. By offering a bonus ranging from 50 percent for a certificate, the dealers were able to redeem many millions of the bills. In turn, they got bars of silver and then resold them for a minimal profit in a fluctuating market.