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Gold and Silver

What is the size and shape of gold bullion?
Bars cast in the United States before 1986 were generally rectangular bricks: 7 inches long, 3 5/8 inches wide, and between 1 5/8 inches and 1 3/4 inches thick. In recent years, gold bars cast in the United States and overseas have been trapezoidal in shape.

Can I buy gold or silver? 
Yes. You can buy or sell precious metal bullion and coins from private dealers. The Fed neither buys nor sells precious metals. The United States Mint offers bullion through dealers.

Can I redeem my gold or silver certificate for gold or silver?
No. Check with a local coin or currency dealer in your area to assess their worth as a collectible.

When did the United States go off the gold standard?
The U.S. ended its adherence to the gold standard in 1973. President Ford, in August 1974, repealed the prohibition on the public’s owning gold or engaging in gold transactions. Today, no country bans private ownership of gold.

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