Great Old Silver Quote From Years Ago
Posted: Mon Dec 04, 2017 11:07 pmI just saw this old quote from years ago:
"ONE DOLLAR IN SILVER NUGGETS
As approved by the Secretary of the Treasury
June 4, 1963, Public Law 88-36. Me be
secured only by presenting in person one
silver certificate to United States Assay Office,
115 Hermann Street, San Francisco, Cal. at the
monetary value of $1.292 per fine troy ounce
on or before June 24, 1968."
This was .7734 of an ounce of silver ($1.292 x .7734 = $1.00 (Silver Certificate)
For the uninitiated, you used to be able to turn in silver certificates to exchange for physical silver. The vial you received contained a little over 3/4 of a troy ounce of silver shot (little balls of silver) and contained the above quote.
It looks like the U.S. Mint still has operations at that location- per Google Maps. I wonder what would happen if you went to the location with a bunch of one dollar silver certificates and demanded payment. (Of course they would say no- see the 6/24/68 expiration date mentioned above)
"ONE DOLLAR IN SILVER NUGGETS
As approved by the Secretary of the Treasury
June 4, 1963, Public Law 88-36. Me be
secured only by presenting in person one
silver certificate to United States Assay Office,
115 Hermann Street, San Francisco, Cal. at the
monetary value of $1.292 per fine troy ounce
on or before June 24, 1968."
This was .7734 of an ounce of silver ($1.292 x .7734 = $1.00 (Silver Certificate)
For the uninitiated, you used to be able to turn in silver certificates to exchange for physical silver. The vial you received contained a little over 3/4 of a troy ounce of silver shot (little balls of silver) and contained the above quote.
It looks like the U.S. Mint still has operations at that location- per Google Maps. I wonder what would happen if you went to the location with a bunch of one dollar silver certificates and demanded payment. (Of course they would say no- see the 6/24/68 expiration date mentioned above)