I think they still call it that.
The "dollar" used to be a specific silver coin, and paper currency US dollars
were "payable in silver" (or gold if you had gold-back dollars), but the dollar
hasn't been "convertible to specie" for more than 50 years now (86 years for gold).
Interestingly enough, nowadays most specie backed U.S. currency is worth
considerably more than face value, as are gold & silver coins.
I don't collect, but there are certain items I wanted just for the coolness
factor ... I have an old "Greenback" dollar (even though "I don't give a damn
...") https://www.youtube.com/watch?v=TufDxRHetcI
... a Spanish (Mexican) Pillar dollar (pieces of eight),
a Saint-Gaudens Gold Double Eagle, the most beautiful coin ever minted
https://en.wikipedia.org/wiki/Saint-Gaudens_double_eagle
... "Put a $20 gold piece on my watch chain so the lord will know I died
standing pat" https://www.youtube.com/watch?v=5zpa7u4vKdQ
and a genuine, honest to god, U.S. Treasury Note $5 bill (says something like
"redeemable at the U.S. Treasury" instead of Federal Reserve).
And, of course, I look at any change I get because occasionally a wheat penny or
a silver quarter will still show up in it. Since those coins have been recalled
and are no longer valid for use in commerce, I do my duty and remove any I find
from circulation.
On 9/9/2019 20:34:14, P. J. Alling wrote:
The "Pound Sterling" is Britain's monetary unit, thought I don't know if it's
still Sterling as it's no longer convertible to specie.
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Religion - Answers we must never question.
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