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Gold vs Silver certificates - could they be used interchangeably?
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<p>[QUOTE="KSorbo, post: 5241834, member: 56370"]Legally the bank would not have been obligated to accommodate that request. Whether they would have in practice is another question. Since all forms of currency traded at par, I don’t think they would have had a reason not to unless they had limited gold in their cash inventory. For people earning a dollar or two per day, there was probably more demand for small change than for gold. Wealthier people would have used bank accounts.[/QUOTE]</p><p><br /></p>
[QUOTE="KSorbo, post: 5241834, member: 56370"]Legally the bank would not have been obligated to accommodate that request. Whether they would have in practice is another question. Since all forms of currency traded at par, I don’t think they would have had a reason not to unless they had limited gold in their cash inventory. For people earning a dollar or two per day, there was probably more demand for small change than for gold. Wealthier people would have used bank accounts.[/QUOTE]
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