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Story of Money


Section 14: Progress and problems Previous | Next | Section Index
Gold and silver certificates
Gold certificates first appeared in 1865 and were used mostly by banks in settling interbank accounts until 1933, when the U.S. government recalled them. Silver certificates were issued from 1878 to 1957 until a worldwide silver shortage in the early 1960s prompted their withdrawal and redemption.


$100 gold certificate
1882


$20 silver certificate
1891

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