Federal Reserve notes state that you can get your money in gold and or silver Can you or Where can i hand in my one dollar bill or say my 100 dollar bill and get that amount in gold and or silver?

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1138787

2026-07-29 09:00

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Actually, that Wording isn't on Federal Reserve Notes. It's on old silver and gold certificates. But in any case you're at least 4 decades too late. Those promises made at a time when both the prices of gold and silver and access to those metals were controlled by the US Treasury, and were removed from paper money long ago.

When the US went off the gold standard back in 1933 as part of efforts to end the Depression, gold certificates were withdrawn from circulation and were no longer allowed to be converted. Similarly, when the price of silver was decontrolled in the 1960s, the Treasury stopped redemption of silver certificates for metal. Silver certificates were allowed to remain in circulation but could no longer be converted.

Like stock certificates from a company that's no longer in business, the written promises are effectively null and void.

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