One of my Favorite Pictures: Vault full of Silver Dollars
IwantNonCCs
Posts: 369 ✭✭
Ever since seeing this postcard in QDB Silver Dollar guidebook, it has been one of my favorites.
It represents to me what are money was, prior to the politicians devaluing it.
Every dollar bill was a silver certificate, and every silver certificate had a silver dollar stored to back it up.
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thats an interesting postcard, just think of the hours of looking through that hoard............
As an old collector of postcards, I've seen that one several times. FYI, those four bags laying on the floor are Lafayette Dollars. If you price them at today's going rate, there is several million bucks laying there.
myCCset
Recipient of the coveted "You Suck" award, April 2009 for cherrypicking a 1833 CBHD LM-5, and April 2022 for a 1835 LM-12, and again in Aug 2012 for picking off a 1952 FS-902.
<< <i>How many times have I asked you guys NOT to post pictures of my basement......
Don't lie - this is your shed the basement got full
On the serious note that is a very interesting picture. I'd put Domino's on speed dial and sit in the middle of that floor for a long time..
Thanks for sharing the photo, I had not seen it before...
Donato
Donato's Complete US Type Set ---- Donato's Dansco 7070 Modified Type Set ---- Donato's Basic U.S. Coin Design Set
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<< <i>What are the boxes with 50 and 100 on them? >>
Bricks of new silver certificates with the denomination printed (50 and 100) on the end label. 4000 notes in each brick wrapped in kraft paper. Notice the red waxed seal on the side on the bricks on the side shelf.
I can't make out the denomination on the other bricks.
Collector of US Small Size currency, Atlanta FRNs, and Georgia nationals since 1977. Researcher of small size US type - seeking serial number data for all FRN star notes, Series 1928 to 1934-D. Life member SPMC.
<< <i>
This picture sends me straight to dreamland!
The name is LEE!
<< <i>I would be very happy with just one bag... well... maybe two...or three.....
I agree. Ricko, I'll take all the ones lying against the sides of the bags. You get the balance. MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Top – Portion of the gold bar vault, San Francisco Mint 1935.
Bottom – Detail from Treasurer's vault, 1915. The package to the left of the Vault Clerk contains 4,000 $100.00 gold certificates.
Larry L.
So, you are saying thsi picture was between 1900 and 1917?
brand NEW Silver Dollars... & can picture his taking his wheelbarrow 7 wheeling them to his cellar window & sliding them down his coal chute... :-)... It would have been great taking a peek at all them Dollars... lol
shasta7
<< <i><<Every dollar bill was a silver certificate, and every silver certificate had a silver dollar stored to back it up.>>
So, you are saying thsi picture was between 1900 and 1917? >>
I believe the postcard is estimated at circa 1900-1910
I assume your imply fed reserve notes started in 1917? I don't know, not my field.
But I thought every ONE dollar bill was a silver certificate until 1963?
But I thought every ONE dollar bill was a silver certificate until 1963?>>
There is quite a history of United States (currency) Notes one dollar notes even including a small size one dated series 1928.
They were banned by the Act of 1900, reauthorized by the Act of 1907 but not issued until World War I times in 1917. Then 1918 brought one dollar Federal reserve Bank Notes to replace silver certificates retired due to the great Pitmann silver dollar melt.
Some of those silver dollars in the Treasury were backing Treasury (Coin) Notes of 1890 including one dollar notes. Then the Treasury had a few of their own as a cash balance not backing anything.
I've got to get this stuff out of the garage so I can park!
Even making Lego-like castles gets old.
Can you imagine how much this Storage rental is costing per month?
You think dogs shed? I sweep this up at least ONCE A day!
Someone left this in the middle of the dang play room. What happened to my pool table?
<< <i> Then 1918 brought one dollar Federal reserve Bank Notes to replace silver certificates retired due to the great Pitmann silver dollar melt. >>
I thought that silver certificates were in use until the 1960's, when the government went to Federal Reserve Notes. I always remember the silver certificates as a kid. Were the 1918 Federal Reserve Bank Notes and silver certificates you mention something different?
Larry L.
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I thought that silver certificates were in use until the 1960's, when the government went to Federal Reserve Notes. I always remember the silver certificates as a kid. Were the 1918 Federal Reserve Bank Notes and silver certificates you mention something different?
Larry L.>>
It is hard to find the exact written words to express what you are thinking. Clarifications to my thought above would include:
1) Not all silver certificates were replaced. But it was an interesting time with 3 different designs of $1 in common circulation. Pipestone Pete has given us illustrations of the 1899 Silver Certifcate and the 1917 United States Note in circulation at that time. Pipestone Pete, where is that $1 Federal you promised us? (Ooops, you snuck it in while I was typing this. Thank You)
2) With the Pittman Act silver dollar replacement coinage of 1921-1928, all low denomination Federal Reserve Bank Notes could be retired and replaced with silver certificates.
3) Silver certificates were the most commmon dollar bill in circulation from the late 1800's until the early 1960's.
One and two dollar National Bank Notes did exist until Redemption Day, January 1, 1879.
<< <i>FYI, those four bags laying on the floor are Lafayette Dollars. >>
Curly - It looks like there are 6 bags on the floor. The caption is blocking the view of the bottom two.
<< <i><<<< Then 1918 brought one dollar Federal reserve Bank Notes to replace silver certificates retired due to the great Pitmann silver dollar melt. >>
I thought that silver certificates were in use until the 1960's, when the government went to Federal Reserve Notes. I always remember the silver certificates as a kid. Were the 1918 Federal Reserve Bank Notes and silver certificates you mention something different?
Larry L.>>
It is hard to find the exact written words to express what you are thinking. Clarifications to my thought above would include:
1) Not all silver certificates were replaced. But it was an interesting time with 3 different designs of $1 in common circulation. Pipestone Pete has given us illustrations of the 1899 Silver Certifcate and the 1917 United States Note in circulation at that time. Pipestone Pete, where is that $1 Federal you promised us? (Ooops, you snuck it in while I was typing this. Thank You)
2) With the Pittman Act silver dollar replacement coinage of 1921-1928, all low denomination Federal Reserve Bank Notes could be retired and replaced with silver certificates.
3) Silver certificates were the most commmon dollar bill in circulation from the late 1800's until the early 1960's. >>
Thank you for the update. The notes that have been posted are really artistic and beautiful!
Larry L.
<< <i>Ouch- after the Paris Exposition some 14,000 Lafayette dollar coins were returned to the Mint and held in its vaults until 1945 and then were melted.. pg. 126 Swiatek- Breen ~ Silver and Gold Commemorative Coins >>
Yes, I understand the six or so bags in the front of that photo are Lafayette Dollars
The new ones and two that came out in WW I show a relationship to it. The 1917 US Notes use the same design as had been used since 1869. The two looks quite dated with all the horse drawn vewhicles in front of the Capitol. Probaly the design was not updated due to rush to get the notes in production.
The one and two dollar Federal Reserve Bank Notes had to be designed from scratch. They were given patriotic scences with a flag carrying eagle on the reverse of the one. The two had a battle ship. The one was known as "the Green Eagle" while the concurrent series 1899 Silver certificate was "The Black Eagle".
Heres a good investment!
Is your 1938D in there!
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<< <i>Yes, I understand the six or so bags in the front of that photo are Lafayette Dollars >>
Can you read that on the bags? You have better eyesight than I do.
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"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Kool pics... Thanks for sharing them.