In
1934, during the Great Depression, President Roosevelt ordered the
government to seize all silver, except silver coins, and put a 50% tax
on the profits from selling silver. Documentary stamps were quickly
overprinted and pressed into service to satisfy the tax. In 1941, a
Silver Tax stamp series featuring secretaries of the Treasury was
introduced.
This followed FDR’s 1933 executive order making it
illegal for people to own more than 5 troy ounces of gold and to turn in
their gold to the government.
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US #RG2 |
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