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Posted: 12/17/2009 3:32:07 PM EDT
After pulling consecutively numbered $20 bills out of the MAC machine recently....I thought about how much money has been printed up. Then I pulled out some bills from years past to compare what we once had, to what we have now.
What we use to have (money backed by silver or gold) 
What we have now (money printed on demand) 
Not sure what the $5 bill is.....It has Red markings on it. The $1bills say "redeemable in silver on demand" or something of the sort. |
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Posted: 12/17/2009 3:37:04 PM EDT
[#1]
thought this was gonna be a thread about how people born into money are ordinarily assholes and those that made their own aren't................
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Posted: 12/17/2009 3:46:59 PM EDT
[#2]
Quoted:
thought this was gonna be a thread about how people born into money are ordinarily assholes and those that made their own aren't................ Fixed the title |
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Posted: 12/17/2009 3:54:06 PM EDT
[#3]
I thought it said silver backed monkey....
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Posted: 12/17/2009 4:25:16 PM EDT
[#4]
Quoted: Not sure what the $5 bill is.....It has Red markings on it.
$5 silver certificate - printed in 1934 or 1953. Numismatic value only as they've been obsolete since 1968. |
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Posted: 12/17/2009 5:46:45 PM EDT
[#5]
$5 red seal is a United States Treasury Note. It was issued by the treasury and you could redeem it for 5 dollars until $5 became a piece of paper.
Old notes are not obsolete, the treasury or banks just won't convert them to silver. Every United States Treasury Note and Federal Reserve Bank Note ever printed is still legal tender for its face value with maybe the exception of gold cetificates. |
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