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    Silver Certificate Redemption Set at $5

    Jul 01, 2022 2 minutes
    By Richard Giedroyc

    ■ Was there ever a maximum redemption amount set on redeeming bank notes for silver prior to the withdrawal of the Silver Certificate?

    A maximum legal tender amount of $5 was placed on redeeming Greenbacks for silver through the Specie Payment Resumption Act of 1875. Silver, already declining in

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