What Is a Silver Certificate Dollar Worth?
Monday, May 18, 2015 at 10:27PM
Silver mining is thought to have begun more than 5,000 years ago in what's now Turkey. The metal was seen as a valuable resource to early civilizations, and its value has held throughout the centuries. As trading evolved, so did the use of silver and gold as currencies of trade, as these commodities were eventually used to back paper currency systems, with the silver certificate growing in prominence in the U.S. in the late 1800s and early 1900s. Those certificates still hold value today.
What is a silver certificate?
Silver certificates were issued between 1878 and 1964 in the U.S. These were representative money and part of the circulation for paper currency. The certificates were originally redeemable for their face value of silver dollar coins, and then for one year, from June of 1967 to June of 1968, for raw silver bullion. Since 1968, silver certificates have only been redeemable in Federal Reserve Notes and are therefore basically obsolete, though the certificates are still legal tender.
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