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<p>[QUOTE=&quot;medoraman, post: 1178481, member: 26302&quot;]Did you factor into the fact that the silver in silver coins by then was worth more than $1? This was the reason people bought up silver certificates to redeem, my uncle did it as well. He took a few days off of work to redeem them, because of the profit.</p><p><br /></p><p>Free money always draws crowds, I don&#039;t think that episode proves either of our points. The silver released was numismatically more valuable than the value of the silver cert, so people just accepted the free money. </p><p><br /></p><p>We will disagree on this one Fatima, just like we agree on other points. I just think its too strong to say humans always prefer PM to paper money. I think you underestimate the convenience of paper money. US citizens were not &quot;forced&quot; to use paper money in the 1800&#039;s or early 1900&#039;s versus only using PM, they CHOSE to use the paper money because its more convenient. I don&#039;t disagree that from 1968 we only have fiat FRN&#039;s, but I don&#039;t see people lining up to convert their paychecks every week into gold bars nowadays either.[/QUOTE]</p><p><br /></p>

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