However, these certificates appealed to collectors who were keen to acquire a memento of US currency. The era of silver certificates came to an end in 1968, when all redemption in silver was completely stopped by the government. The certificates were printed in proportion to the silver that the government had in its Treasury. Although the initial plan was to convert the acquired silver into coins, but due to the time and effort required in minting, the government decided to print silver certificates instead.
To address the concerns of the West, the government passed the Bland-Allison Act, according to which the government had to purchase silver worth $4 million dollars from Western mining companies. The Fourth Coinage Act of 1873, put United States of America on a gold standard, triggering protests from Western silver mining companies and banks.
