[Smokin' Joe]

However, Americans could not take their Federal Reserve Notes to a Fed bank and trade them for gold.

No, you had to settle for 90% silver, at least until 1964.

This note is legal tender for all debts, public and private, and is redeemable in lawful money at the United States Treasury or any Federal Reserve Bank",

was later shortened to:

"This note is legal tender for all debts, public and private."

[Retain Mike]

I remember that as long as the government issued silver certificates you could take them to a Federal Reserve Bank and trade them for plastic packets of raw silver. However, I don’t remember hearing anything about the percent of silver.

Eliminating “lawful money” was a nice touch. That statement is now equivalent to that made by made by any sub-Sahara dictator.