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<p>[QUOTE=&quot;Collector1966, post: 1166274, member: 17919&quot;]A couple of tidbits about silver certificates:</p><p>The last year they could be redeemed for silver was 1968. And in the waning days, they could only be redeemed at Federal Reserve Bank branches. </p><p><br /></p><p>So, if you made the effort to take your silver certificates to a FRB branch for redemption at that time, what would you have gotten? Silver granules. I guess the idea behind that was to give the holder exactly $1.00 (or whatever amount) worth of silver based on the market price on the day the certificate was redeemed. For example, if the price were $1.29, that would equal .7752 ounce for each dollar. If the price were $1.50, it would be .6667 ounce, and so on. The only problem with the granules was, you couldn&#039;t really sell the darn things because there was no practical way to verify their fineness.[/QUOTE]</p><p><br /></p>

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