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Coins, Coins, Coins, Coins

Gold and silver being used as currency can be traced back hundreds or even thousands of years. There is a reason that these two metals were viewed as having a value above all others in almost every time in our history and around the world.  Our currency was originally backed by gold and silver, so that for every dollar or coin made, there was physical gold and silver to back it up. If you look at an old $1 silver certificate, you will see that is says “Payable in silver coin to Bearer on demand.”  This means when our currency was backed by these precious metals, you could walk into a bank and get a dollar’s worth of silver for that $1 note!

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