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Basic question on gold notes vs. regular
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<p>[QUOTE="Vess1, post: 671964, member: 13650"]I was just wondering what the purpose of having gold certificate notes was if it was assumed that a $5 bill was worth $5 of gold at the time. From my understanding, there were both $5 regular bills and $5 yellow bills at the same time? Maybe I'm wrong. Same with $10, $20, $50, etc... </p><p> </p><p> Also, why were silver certificates needed if $1 was supposed to be equal to a silver dollar?[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 671964, member: 13650"]I was just wondering what the purpose of having gold certificate notes was if it was assumed that a $5 bill was worth $5 of gold at the time. From my understanding, there were both $5 regular bills and $5 yellow bills at the same time? Maybe I'm wrong. Same with $10, $20, $50, etc... Also, why were silver certificates needed if $1 was supposed to be equal to a silver dollar?[/QUOTE]
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