Silver certificates were once legal tender in the United States, and although they are now obsolete, they still hold a value depending on the condition as well as the year they were issued in.
When numerous people discuss the silver certificates they most likely think back to 1$ 1957-silver certificates. Nevertheless, the U.S commenced issuing silver certificates in 1878. A Silver certificate is termed as any old United States bill. As a matter of fact, only a few notes are real silver certificates. Read further to learn about these silver certificates.
Silver certificates were published from the years 1878 to 1964 in the United States. These were issued to represent money as well as the part of the circulation for paper money. These certificates were redeemable for the face value in form of silver dollar coins, and after that, these were redeemable for one year, between June 1967 and June 1968, for raw silver bullion.
These notes have basically become obsolete since 1968, and are, therefore, redeemable in Federal Reserve Notes only, however, the certificates are still considered as a legal tender.
Silver Certificate Values
The real value of a silver certificate presently does not lies in its aptitude to be used as a legal tender, however for its value to collectors. The value of a note varies depending on the year it was issued in, as well as its condition. For instance, the extremely common silver certificates were those which were issued from 1935 to 1957.
These look very identical to a regularly used dollar bill having George Washington on the front. These notes are normally worth a small premium over their face value, with circulated certificates normally selling for $1.25 to $1.50 each. Meanwhile, perfect silver certificates could worth from $2 to $4 per piece.
Having said that, the finest way to determine the exact present value of a silver certificate is to take it to different collectors and let them give an estimate.
1957 Silver Certificate
Let’s begin with the most popular ones first. Any silver certificate from the year 1957 or year 1935 is very common. That comprises of any combination of letters such as 1957B or 1935F. Several block variations on all of the series of the year 1957 $1 silver certificates are available. Whether the serial number begins with any letter from A to Z, the value would still be similar.
An exception for that is the note beginning, as well as ending with the letter B. BB notes are slightly scarcer, however, they still worth less than fifty dollars today. George Washington and a blue seal are printed on the front of these silver certificates. Their worth is about $1.50 in circulated conditions and around $5 in impeccable conditions.
Only notes having serial numbers starting with stars worth $3 each. These silver certificates were printed by the millions and are still found in circulation nowadays. These can be purchased by the 100s at the shows as well as from the coin shops. Even the lowest rate worth, these have is only due to the curiosity element.
Any 1934 or 1953 five dollar silver certificate with a blue seal printed on it is very famous. These worth $7 only in circulated condition. There are seldom star notes from these years. The 1953B star, as well as some of 1934 stars, are seldom. The star symbol would be placed at the start of the serial number. If a letter instigates and ends the serial number, that is a regular production of these notes.
1899 Silver Certificate
Silver certificates were printed in large numbers in the years 1891, 1896, as well as in 1899. For the greatest part, 1891 year notes look like to former issues. Nevertheless, 1896, as well as 1899 kinds are distinctive. The 1896 year series is eminently known as an educational series. The 1899 series of silver certificates offer chances to own a black eagle, a mini-porthole, or a chief.
Big size silver certificates were produced in 1878 at first. Every note from the year 1878 or the year 1880 should be considered rare. The next sequence of the silver certificates had been issued in the year 1886. These are existing, yet we still don’t find them frequently.
1923 Silver Certificate
In the 20th-century large size silver certificates were issued in just two years, i.e. in 1908 and in 1923. The 1908 instance is a fairly hard ten dollar note. $1 and $5 bills were made for the year 1923. The one dollar bill is remarkably common and worth about fifteen dollars on average. The five-dollar bill from the year 1923 is fairly hard, and usually worth at the slightest a few 100s. The only greatest common large size note of US currency is the $1 silver certificate of the year 1923. These were printed in millions. At present, a nice looking specimen can be obtained for about $20. George Washington is displayed at the center of each of these bills.
1935 Silver Certificate
99 percent of the time $1 silver certificates of the year 1935 are worth about $1.50. These were produced by the billions and they simply are not seldom or fascinating to the collectors.
You can obtain packs of hundred consecutive 1935 notes for approximately $600.
There are various types of 1935 $1 silver certificates. Starting from 1935A to 1935H and these were all published in addition to the regular 1935 $1 silver certificates.
The $10 bill is the only supplementary small denomination produced as the silver certificates. 10s were printed for the year 1933, 1934, as well as for 1953. The 1933 instance is the rarest. The supplementary years normally sell for about $15 in circulated condition. Yet again, the star notes and the low serial numbers have a chance of being more valued. A low serial number on these silver certificate is termed as being under one hundred.
One misunderstanding is people think that “IN GOD WE TRUST” should be printed on all of the 1935 silver certificates. However, it was not put on the currency until the year 1956. Therefore, only some 1935-G and all 1935-H $1 silver certificates comprises that.