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<p>[QUOTE="Numbers, post: 653672, member: 11668"]Since this is a forum about collecting paper money, I'll address this bit:</p><p><br /></p><p><br /></p><p><br /></p><p>What currency is this referring to? Most of the time, the folks making this argument will mumble something about "silver certificates", and then put in a picture of a 1963-dated red-seal note. Hint: Silver Certificates are <i>blue</i>....</p><p><br /></p><p>More to the point, there's no currency that was issued "for a short while" during Kennedy's time. Silver Certificates were discontinued right around then (printing ended in 1964, redemption in silver in 1968), but they were hardly new; they'd been circulating since 1878, and were very common long before Kennedy came along, being the dominant form of small-denomination currency for most of the twentieth century.</p><p><br /></p><p>United States Notes (red seals) were around even longer, issued from 1862 through 1994. The 1963 series date wasn't in use for very long, true, but the notes of that printing were no different legally from the red-seal notes with other dates that were printed before or after them. And neither the beginning nor the end of that short series had anything to do with Kennedy: Series 1963 replaced Series 1953 when the motto "In God We Trust" was added to the note designs by order of Congress, and then Series 1966 replaced Series 1963 when the Treasury decided it'd be more efficient to print USNs denominated $100 instead of $5. The total dollar value of USNs in circulation didn't change a bit between the 19th century and 1994, because it was fixed by act of Congress. (And since the U.S. economy grew quite a lot during that period, the USNs eventually became so scarce compared to other currency types as to be fairly pointless, which is why Congress finally killed them off fifteen years ago.)[/QUOTE]</p><p><br /></p>
[QUOTE="Numbers, post: 653672, member: 11668"]Since this is a forum about collecting paper money, I'll address this bit: What currency is this referring to? Most of the time, the folks making this argument will mumble something about "silver certificates", and then put in a picture of a 1963-dated red-seal note. Hint: Silver Certificates are [I]blue[/I].... More to the point, there's no currency that was issued "for a short while" during Kennedy's time. Silver Certificates were discontinued right around then (printing ended in 1964, redemption in silver in 1968), but they were hardly new; they'd been circulating since 1878, and were very common long before Kennedy came along, being the dominant form of small-denomination currency for most of the twentieth century. United States Notes (red seals) were around even longer, issued from 1862 through 1994. The 1963 series date wasn't in use for very long, true, but the notes of that printing were no different legally from the red-seal notes with other dates that were printed before or after them. And neither the beginning nor the end of that short series had anything to do with Kennedy: Series 1963 replaced Series 1953 when the motto "In God We Trust" was added to the note designs by order of Congress, and then Series 1966 replaced Series 1963 when the Treasury decided it'd be more efficient to print USNs denominated $100 instead of $5. The total dollar value of USNs in circulation didn't change a bit between the 19th century and 1994, because it was fixed by act of Congress. (And since the U.S. economy grew quite a lot during that period, the USNs eventually became so scarce compared to other currency types as to be fairly pointless, which is why Congress finally killed them off fifteen years ago.)[/QUOTE]
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