Think Those Are Dollars In Your Wallet? Think Again

by Simon Black on July 29, 2013 July 29, 2013 Kiev, Ukraine Here’s a question– if you’re in the Land of the Free, do you think those green pieces of paper in your wallet are dollars? They’re not. A US dollar was defined by the Coinage Act of 1792 as 416 grains of standard silver. No, those green pieces of paper are Federal Reserve notes.



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