Silver Spot Price

Silver certificates are a kind of paper currency that were printed and released by the United States of America from the years 1878 up to 1964. These are legal tender and were originally redeemable in face values similar to dollar coins in silver.

They are also redeemable in silver bullions. But from the year 1968, they have can only be redeemed in Federal Reserve Notes.

Physical Features of a Silver Certificate

There are several distinguishing marks on a silver certificate. First, both the serial numbers and the seal of these certificates were originally printed in colors of blue, red and brown.

However, these colors were officially changed to the color blue starting with the 1899 series. These were for the one dollar, two dollars and five dollars certificates.

When the Second World War began, the United States of America again issued special silver certificates. This was done in order to have the certificates easily recognizable and cancelled should these fall into the hands of the enemies.

There was the 1935a certificate printed with a brown seal and was issued for distribution in Hawaii. There was also the 1935a certificate printed with a yellow seal, this time for distribution in northern Africa.

By the years 1940 up to 1950, silver certificates began to dwindle in circulation. Since the certificates were redeemable in silver bullion, the amount of bullions in the US Treasury reserves began to dwindle as well, as more and more people redeemed their certificates.

To stop circulation, the certificates were destroyed as soon as they were redeemed. It was in 1968 that it was officially declared that silver certificates were no longer redeemable.

Today, these certificates can be sold but for a very small profit on top of its face value.

Values of Silver Certificates

Circulated certificates in one dollar denominations circa 1935 and 1957 can be sold for about one dollar and twenty-five cents up to one dollar and fifty cents per piece.

Uncirculated certificates in one dollar denominations circa 1935 and 1957 meanwhile can be sold anywhere from two dollars apiece up to four dollars.

For the five-dollar certificates issued in 1934 and 1953, these sell for about ten percent up to thirty percent more of their face values while uncirculated certificates of the same circa may sell at a much higher premium but the price depends primarily on the condition of the certificates.

Certificates issued in 1923 were the last of the large-sized series and these carry a much higher premium over their smaller counterparts.

One-dollar 1923 certificates can sell anywhere from twenty dollars up to one hundred and fifty dollars depending on the condition of the certificates.

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