WEEK #335 - Rest & Relaxation Time!

[Moon]

QUESTION:

 

On what date was the redemption of Silver Certificates in silver bullion discontinued?

 

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.

 

[dan8402]

June 24, 1968

[just-john]

redeem all silver certificates likely to be offered until these redemption rights ended on June 24, 1968,

[just-john]

Silver Certificates were first issued in 1878. As the name suggests, these notes were backed by the U.S. government's stockpile of silver, and they could be redeemed for silver at the Treasury. Because of the rising price of silver (and in order to free up the government's silver reserves for other uses), production of Silver Certifcates was halted in 1963, and a deadline of June 24, 1968 was imposed for their redemption. Since that time, any Silver Certificates still in circulation have not been redeemable in silver, but they do remain legal tender. Small-size Silver Certificates have blue seals and serial numbers.

[physics-fan3.14]

All redemption in silver ended June 24, 1968.

[BigBob]

June 24, 1968

[Backdraft237]

The treasury stopped the redemption of Silver Certifcates in silver dollars in 1964 and discontinued bullion redemption on June 24th, 1968, based on $1.29 per ounce.

 

[bsshog40]

June 24, 1968

[BankNote1]

June 24th, 1968

[winthorpe-migration]

"Silver Certificates were abolished by Congress on June 4, 1963 and all redemption in silver ceased on June 24, 1968. "

[AB]

June 24th 1968

[RGT]

June 24, 1968

[DC Dawg]

1963

[ritter]

june 24th 1968

[mhardin2413]

June 24th, 1968

[Coindude]

I know I'm late, but what the heck.

 

June 24, 1968

[jtryka]

June 24, 1968?

[Moon]

QUESTION:

 

On what date was the redemption of Silver Certificates in silver bullion discontinued?

 

ANSWER:

 

June 24, 1968

 

 

Congratulations to our 1st place winner dan8402! You will receive a coupon for 1 free standard grading.

 

Congratulations to our runner up winner bsshog40! You will be receiving a PMG Bank Bag and a sample.

 

 

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