WEEK #297 - Pot of GOLD......

[Moon]

QUESTION:

 

On what date did Legal Tender notes become redeemable in Gold?

 

Good Luck!

 

Our first place winner will receive a coupon for 1 note graded under the Standard grading tier. (You must have an active account with PMG, call PMG for details) There will also be a runner up prize given to a randomly selected player with the correct answer.

 

 

REMINDER: The Numisma-Quest ends on Saturday at midnight EST. Entries after that time will not be valid. See the Trivia info post for more details.

 

When you post your answer, only the administrators can see it . Stop back this Monday. We will make all the posts visible and announce the winners.

 

[rrantique]

March 3, 1863.

[mhardin2413]

march 14, 1900

[Revenant]

March 3, 1863

[jtryka]

1878

[jtryka]

Sorry, January 1, 1879 under the Resumption Act.

[dan8402]

March 3, 1863

[BankNote1]

1869

[MunkyMan95]

March 3rd, 1863?

[bsshog40]

March 17th 1898

[rtpjr]

I do not believe that they were ever directly redeemable for gold.

[DC Dawg]

January 1, 1879

 

Scott

[Moon]

Question:

 

On what date did Legal Tender notes become redeemable in Gold?

 

Answer:

 

Feb. 28th 1878

 

Unfortunately there are no winners this week.

 

Thanks for playing this weeks Numisma-Quest. Dont forget to stop by for this weeks NGC question.

[BigBob]

Congress then passed the Resumption Act, directing the Treasury to redeem any paper money presented for redemption after January 1, 1879. The money was to be redeemed in coin, at pre-Civil War gold parity

 

I didn't submit an answer to this question, but in researching it, this is the only reference I was able to locate regarding the redemption of notes for gold. Just wondering where the answer of February 28, 1878 can be found.