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Why are silver and gold certs no longer valid?
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<p>[QUOTE="krispy, post: 1497660, member: 19065"]You should know that whether government or private sector, contracts expire, offers, policies and such things as Terms and Conditions change all the time. We see these things stated all the time. Legislation is often reviewed and amended. Treaties are written, altered, broken and sometimes abandoned. Courts are filled with cases of contested contracts, such as people trying to settle debts with creditors they can't pay and seeking settlement deals for less than the terms of the original debt incurred under the terms they supposedly agreed to pay for in their contract with the creditor. </p><p><br /></p><p>It's all part of business, and the business landscape changes so as not to stagnate, allow opportunity and to be effective in any current context. If you think you can take the contracts of the past in the current context and apply them effectively, then march yourself down to those institutions and see how far you get with that plan. Like I said, the notes of the past are not currently distinguished in the same way as they were in the past by Treasury, though they remain redeemable as legal tender at their stated face value. While it may seem unlikely, that could certainly change again in the future. At that time we will know and use our currency under different terms, most likely writ by law to govern its use.</p><p><br /></p><p>I'm not really sure what else you are trying to express, other than the pretty common idea amongst many numismatic collectors/enthusiast who favor the past financial structure and concept of a currency system backed by precious metals, a gold standard, and that you liked how the paper system then fit in at the time. Know also that that contract changed rapidly from Series to Series of notes, which reflected changes in the economies of those eras directly linked to government rule and actions it wrote/passed into law. To know all those changes is in part to understand economic history of the US and the dynamics of what brought about all the subtle and not so subtle changes to paper money designs over the years. There's tons written about it from every possible angle, and it's fascinating to learn about.</p><p><br /></p><p>Also, as I shared earlier, those gold (and some silver) certs are worth much more than their original face values said they were as paper vouchers when commodities were valued at those rates in earlier eras. In the hands of collectors, trading them for numismatic premiums, they are worth as much as gold is today, or more, or they'll get you a fair share of gold for the premiums such notes trade for today. :thumb:[/QUOTE]</p><p><br /></p>
[QUOTE="krispy, post: 1497660, member: 19065"]You should know that whether government or private sector, contracts expire, offers, policies and such things as Terms and Conditions change all the time. We see these things stated all the time. Legislation is often reviewed and amended. Treaties are written, altered, broken and sometimes abandoned. Courts are filled with cases of contested contracts, such as people trying to settle debts with creditors they can't pay and seeking settlement deals for less than the terms of the original debt incurred under the terms they supposedly agreed to pay for in their contract with the creditor. It's all part of business, and the business landscape changes so as not to stagnate, allow opportunity and to be effective in any current context. If you think you can take the contracts of the past in the current context and apply them effectively, then march yourself down to those institutions and see how far you get with that plan. Like I said, the notes of the past are not currently distinguished in the same way as they were in the past by Treasury, though they remain redeemable as legal tender at their stated face value. While it may seem unlikely, that could certainly change again in the future. At that time we will know and use our currency under different terms, most likely writ by law to govern its use. I'm not really sure what else you are trying to express, other than the pretty common idea amongst many numismatic collectors/enthusiast who favor the past financial structure and concept of a currency system backed by precious metals, a gold standard, and that you liked how the paper system then fit in at the time. Know also that that contract changed rapidly from Series to Series of notes, which reflected changes in the economies of those eras directly linked to government rule and actions it wrote/passed into law. To know all those changes is in part to understand economic history of the US and the dynamics of what brought about all the subtle and not so subtle changes to paper money designs over the years. There's tons written about it from every possible angle, and it's fascinating to learn about. Also, as I shared earlier, those gold (and some silver) certs are worth much more than their original face values said they were as paper vouchers when commodities were valued at those rates in earlier eras. In the hands of collectors, trading them for numismatic premiums, they are worth as much as gold is today, or more, or they'll get you a fair share of gold for the premiums such notes trade for today. :thumb:[/QUOTE]
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Why are silver and gold certs no longer valid?
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