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Silver certificates were backed by specific dollar amounts of silver. That is, a $1 silver certificate was backed by $1 worth of silver in the Treasury, a $5 certificate was backed by $5 worth of silver, etc.

The government maintained a fixed price for silver bullion so the bills were indirectly backed by a specific weight. However the fixed price wasn't $1/troy ounce but $1.29, so the weight was roughly 0.77 troy ounces, or about 24 gm.

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Silver certificates were backed by specific dollar amounts of silver. That is, a $1 silver certificate was backed by $1 worth of silver in the Treasury, a $5 certificate was backed by $5 worth of silver, etc.

The government maintained a fixed price for silver bullion so the bills were indirectly backed by a specific weight. However the fixed price wasn't $1/troy ounce but $1.29, so the weight was roughly 0.77 troy ounces, or about 24 gm.

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They went to war with Serbia, which was backed by Russia, which was backed by France ... and Britain.

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the lady who backed into you, clearly she wasnt paying attention and backed into your car

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sadly it is backed only by promises. It used to be backed by gold but that was taken away and now it is backed by nothing.

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Whomever backed into it is at fault.

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