In order to redeem gold, the US government began to issue gold coupons in 1870. The number of the golden coupon is yellow, also known as the golden coupon. The face of the coupon is printed with the words "the holder can exchange it for gold coins". It is a currency prepared by 100% gold issued by the US Treasury.
From the end of the civil war to 1933, gold coin coupons can be freely converted into gold coins and circulated in the market as part of the US money supply. 193 1 year, with the collapse of the gold standard, 1933 gold coin coupons stopped being exchanged for gold.
Extended data:
Economic crisis:
Five years after the first dollar crisis, in the mid-1960s, the United States expanded its war of aggression against Vietnam, and the balance of payments further deteriorated. The dollar crisis broke out in March 1968.
There was a serious second economic crisis. In more than half a month, the US gold reserve has lost more than $654.38+04 billion. 1963 within one day of March 14, the turnover of London gold market reached a record 350-400 tons. In the face of such a situation, it is impossible for Jinchi to cope.
After consultation, the member countries of the Gold Pool (the United States, Britain, France, Switzerland, Germany, Italy, the Netherlands and Belgium were founded in 196 1 year 1 month) decided that the United States and the Gold Pool could no longer supply gold in the free market at the official price of $35 and1ounce of gold.
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