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<p>[QUOTE=&quot;Numbers, post: 1231611, member: 11668&quot;]Well, except for the fact that then they&#039;d have to go to the trouble of turning all their silver into coins....</p><p><br /></p><p>Until 1934, silver certificates could only be issued against silver dollars in the Treasury.&nbsp; After that, they could also be issued against uncoined silver bullion.&nbsp; That&#039;s why the Series 1934 and later silver certificates say &quot;one dollar in silver&quot; rather than &quot;one silver dollar&quot; as on earlier issues.&nbsp; It&#039;s also a large part of the reason why no silver dollars were minted after 1935.</p><p><br /></p><p>In the great silver certificate redemption in the &#039;60s, the government paid out quite a bit of silver in the form of &quot;silver granules&quot; like these.&nbsp; They had the granules pre-weighed into $1 and $100 bags (and maybe other sizes too, I dunno), so they could easily be handed out over the counter as silver certificates came in.[/QUOTE]</p><p><br /></p>

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