The Executive Order was signed in conjunction with the Coinage Act of 1963 (Public Law 88-36.) The Act phased out silver certificates as the U.S. moved away from silver-backed currency toward a system based more on Federal Reserve Notes. Silver’s rising industrial demand had made continued silver backing impractical.
Silver certificates were already being phased out; EO 11110 simply clarified Treasury authority to issue any needed ones temporarily during the shift. It did not create new money powers for the Treasury outside existing law.
We Thank your entire family for their Service —The Soldier is not the only one who serves. Without the love and Support of Family and Friends Service life can be Bleak and short lived. We Thank you all.
HUZAR! (I love saying that you just can’t go around my Mall shouting ‘Huzar’ without drawing unwanted attention huh? @Jamey1 ‘FUK TON?’ awesome, stealing that!