Interesting detail on a 1950 series $20 bill I just got...

[Nickelless]

I got a 1950 series $20 bill in change yesterday and was intrigued by the now-obsolete wording on it:

THIS NOTE IS LEGAL TENDER FOR ALL DEBTS, PUBLIC AND PRIVATE, AND IS REDEEMABLE IN LAWFUL MONEY AT THE UNITED STATES TREASURY, OR AT ANY FEDERAL RESERVE BANK.

Any chance the Fed would give me $20 in Au or Ag for it?

[Lemon Thrower]

no, they defaulted on that promise long ago. but at one time you could have, yes.

[Know Common Cents]

Those could have been redeemed as well as silver certificates, gold certificates, etc. You know............the "old days" when legal, lawful money and coinage equated to a stable economy. So much for that idea.