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To: Petrosius

That two dollar bill is an old silver certificate and has numismatic value. LOL


24 posted on 05/04/2016 8:27:53 AM PDT by BigEdLB (Take it Easy, Chuck. I'm Not Taking it Back -- Donald Trump)
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To: BigEdLB

Actually, that’s a bearer note, not a silver certificate. Says “will pay to the bearer on demand two dollars”. A “dollar” is actually a very specific term, that is not what people think it is.

Originally, we had gold/silver certificates that promised to pay to the bearer X dollars of gold/silver on demand. The “dollar” they were talking about was actually a certain weight of gold/silver as specified by congress. (Through the power to regulate the value of money).

Later the verbiage changed to “will pay to the bearer on demand, X dollars”, without specifying gold or silver payment.

Now, it’s just a promissory note that promises to pay you nothing.


62 posted on 05/04/2016 8:46:28 AM PDT by zeugma (Woohoo! It looks like I'll get to vote for an abrasive clown for president!)
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