10
Feb
2025
Kennedy wanted to free up U.S. silver reserves to make coins and ordered $5 and $10 legal tender notes to be phased out.
In 1963, Kennedy wanted to free up some of the U.S. reserves of silver in order to use it to make coins, so he ordered that the $5 and $10 dollars legal tender notes, they be phased out, the ones that could be exchanged for silver.