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Gold vs Silver certificates - could they be used interchangeably?
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<p>[QUOTE="Gam3rBlake, post: 5238582, member: 115909"]I think you’re misunderstanding my question.</p><p><br /></p><p>I was asking if someone in 1876-1877 could take a $20 <i>silver certificate </i>into the bank and ask the bank clerk to redeem it for a $20 <i>gold </i>Double Eagle.</p><p><br /></p><p>Even though the certificate says “redeemable in <b>silver</b>” due to the fact that a $20 silver certificate has a face value of $20 just like a Double Eagle did.</p><p><br /></p><p>Or would the bank clerk be like “Sorry mate you’ll need a $20 <b>gold certificate </b>if you want a $20 gold Double Eagle. All I can give you for your $20 silver certificate is 20x silver dollars or 40x silver half dollars or some combination of $20 in silver coins only.”[/QUOTE]</p><p><br /></p>
[QUOTE="Gam3rBlake, post: 5238582, member: 115909"]I think you’re misunderstanding my question. I was asking if someone in 1876-1877 could take a $20 [I]silver certificate [/I]into the bank and ask the bank clerk to redeem it for a $20 [I]gold [/I]Double Eagle. Even though the certificate says “redeemable in [B]silver[/B]” due to the fact that a $20 silver certificate has a face value of $20 just like a Double Eagle did. Or would the bank clerk be like “Sorry mate you’ll need a $20 [B]gold certificate [/B]if you want a $20 gold Double Eagle. All I can give you for your $20 silver certificate is 20x silver dollars or 40x silver half dollars or some combination of $20 in silver coins only.”[/QUOTE]
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Gold vs Silver certificates - could they be used interchangeably?
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