US Debt Clock site has an interesting history section
(www.usdebtclock.org)
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Love those silver JFK coins, is that how it went down, he released that?
So heavy and solid, beautiful pieces. Always loved my gfathers collection of coins and bills as a kid, passed down to my parents. Some real gems in there, little metal lockbox..
No they were actually silver certificates. Paper. Created by Executive Order 11110. JFKs order gave the Treasury the power 'to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury." I think Treasury issued just north of 4 billion dollars worth of these notes. As soon as Kennedy was killed these notes were removed from circulation. This was similar to Lincolns Greenbacks.