Btw, they're no longer redeemable in gold and silver coin, but they are still redeemable in Lawful Money(US treasury Notes & Coins). Look up Mobley M. MILAM vs. UNITED STATES of America.
Redeeming used to be in old school US Notes which have the red seal on them. Old US Notes do not have a FED seal ..Think pre-1964 $2 & $5 bills, which were the last ones issued.
They have since changed things, and now the FRN acts as a dual purpose instrument. It's both a privately owed debt instrument(FRN) & a lawful US Note. All you have to do is make your official demand for lawful money as per 12USC411.
US Notes don't place a lein(which needs to be discharged), nor do you incur an IRS enforced excise tax for the usage of them.
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