Silver certificates are a type of representative money issued between 1878 and 1964 in the United States as part of its circulation of paper currency. They were produced in response to silver agitation by citizens who were angered by the Fourth Coinage Act, which had effectively placed the United States on a gold standard.
What kind of money is a silver certificate?
Defining a Silver Certificate A silver certificate is a type of money that the United States issued between 1878 and 1964 as part of its paper currency circulation. Initially, people could redeem silver certificates for their face value of silver dollars. However, you cannot redeem these certificates for their face value in silver coinage today.
What was the size of the Silver Certificate in 1928?
In 1928, all United States bank notes were re-designed and the size reduced. The small-size silver certificate (1928–1964) was only issued in denominations of $1, $5, and $10.
How much is a 1899 silver certificate worth?
Most 1899 $1 silver certificates will sell for around $50. High grade examples, low serial number notes, or notes that have a serial number that begins with a star will be worth more. Don’t be confused if your note also says 1886 on it – they all do.
What’s the value of a one dollar silver certificate?
While there are some exceptions (particularly for some of the very early issues as well as the experimental bills) the vast majority of small sized one dollar silver certificates, especially non-star or worn bills of the 1935 and 1957 series, are worth little or nothing above their face values.
How much is a 1928 Silver Certificate Bill worth?
The rarest silver certificate dollar bills are the 1928C, 1928D, and 1928E versions. Any notes that fall into these categories can fetch anywhere between $125 and $600 as long as they’re in fine condition. How much is a $1 silver certificate worth?
What was the purpose of the Silver Certificate dollar bill?
A silver certificate dollar bill represents a unique time in American history. It was a type of legal tender that was issued by the federal government in the late 1800s. As the name suggests, the holder of a certificate could redeem it for a certain amount of silver.
