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September 12, 2010

The US Dollar used to say “payable” in silver

By Dave Doctor in Uncategorized | 0 comments

Silver certificate

Found a gold dealer selling old Federal Reserve paper currency that says “payable” in silver. Today, the currency is payable in pixie dust.

People think paper currency has value because it used to have value when it was a receipt for silver. The top of the first image says “silver certificate”. Today, the paper currency says “Federal Reserve Note,” see below.

Paper

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