Domain: tiger-web1.srvr.media3.us People are very emotional their $20 silver certificate bills are practically worthless. | Money Talk
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People are very emotional their $20 silver certificate bills are practically worthless.

Posted on 1/28/26 at 8:19 pm
Posted by Timeoday
Easter Island
Member since Aug 2020
20795 posts
Posted on 1/28/26 at 8:19 pm
People have become incredibly stupid. They get to vote, too. Two guys come in to the store with $20 silver certificate bills and try to tell me they are worth the amount of silver $20 would have bought in the year the bills were produced.

I tell them to GTFOOH!!

Posted by Bard
Definitely NOT an admin
Member since Oct 2008
58597 posts
Posted on 1/28/26 at 8:28 pm to
"It's a certificate for $20 worth of silver dollars or bullion" seems like a simple concept.
Posted by Timeoday
Easter Island
Member since Aug 2020
20795 posts
Posted on 1/28/26 at 8:35 pm to
quote:

"It's a certificate for $20 worth of silver dollars or bullion" seems like a simple concept. le concept.


Exactly. But they say since the bills were made when silver averaged $5.04 per troy ounce and the price of silver is $118, they will settle for $395 per bill. They were giving me a 15% discount.

lol:
This post was edited on 1/28/26 at 8:36 pm
Posted by lsuconnman
Baton rouge
Member since Feb 2007
4777 posts
Posted on 1/28/26 at 8:42 pm to
I guess they just missed the 1968 memo. They should just feel fortunate they didn’t get suckered into Liberty Bonds.
This post was edited on 1/28/26 at 8:44 pm
Posted by Timeoday
Easter Island
Member since Aug 2020
20795 posts
Posted on 1/28/26 at 8:53 pm to
They had a Ron Paul for President bumper sticker on their car. The sticker must have come with the car.
Posted by T-Jon
Member since Jan 2012
110 posts
Posted on 1/28/26 at 11:04 pm to
quote:

Exactly. But they say since the bills were made when silver averaged $5.04 per troy ounce and the price of silver is $118, they will settle for $395 per bill. They were giving me a 15% discount.


I’m not understanding this math.

I guess that is the joke,

Never mind. I get it now. Holy fricking idiocracy

$20 / $5.04 x $115 = $456.35

You missed the opportunity to tell them that silver is actually worth over 80 x face value.


This post was edited on 1/28/26 at 11:23 pm
Posted by OlGrandad
Member since Oct 2009
4451 posts
Posted on 1/29/26 at 12:26 pm to
They think they are upset.

Posted by lsuconnman
Baton rouge
Member since Feb 2007
4777 posts
Posted on 1/29/26 at 12:49 pm to
On the bright side, he was able to redeem the January 1865 interest voucher.
Posted by lsuconnman
Baton rouge
Member since Feb 2007
4777 posts
Posted on 2/28/26 at 10:43 am to
I've been dying for this to arrive. When this thread started I coincidentally found a liberty bond poster. Which was the catalyst for the USSC decision that allowed FDR to debase the currency, and depreciate the silver backed war bonds by 50%.

When I saw it, I FOMO'd it, and probably paid double its value.

1918 Liberty Loan Poster. Round V.

Perry v. United States (1935) was a landmark Supreme Court case (one of the "Gold Clause Cases") where the Court held that while the U.S. government’s repudiation of gold clauses in Liberty Bonds was unconstitutional, bondholders could not sue for damages because they suffered no actual loss. The 5-4 decision affirmed the government's power to devalue the currency during the Great Depression.


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