What is a silver certificate?

Silver certificates were US currency issued from 1878 to 1964. Before 1968, these certificates were applied to the nominal value of the silver coin certificate or the equivalent in the silver pathways. After 1968, the federal government ended the practice of redemption for silver and began to allow owners to buy certificates only for the notes of the Federal Reserve System. They are still considered a legal payment, but many collectors appreciate silver certificates in an uninterrupted state above their nominal value.

Many remaining silver certificates in circulation are worth only nominal values ​​and spend the same way as notes on the modern federal reserve system. However, some of them are sought after by age, condition, and nominal value on the markets of collectors and sometimes can bring a price much greater than their nominal value. A silver certificate in good condition from the 1980s and 90s can be appreciated for several hundred US dollars.

Silver Certificate has several characteristics that distinguish this from the note of the Federal Reserve. The first is a small printing on the account itself, which states that in the silver cash register, the amount "X" is in the silver cash register to be paid to the owner of the certificate. The "X" amount would be a nominal value of a silver certificate.

Another feature unique to the silver certificate is that the serial number, numbers and seals were initially printed blue, brown and red. This color variety was changed in 1899 to the only blue, except for a number of certificates from 1935, which were printed during World War II. During this time, the certificates sent to Hawaii had a brown seal and the certifiers sent to North Africa had yellow seals. The purpose of these differences in the press was to prevent the losses that could occur if the enemies managed to get these areas during the war - AMThe Eric Government could cancel these two color schemes, creating a worthless enemy.

During the 1940s and 1950s, the number of silver certificates in circulation began to reduce. Since the certificates were redeemed for silver coins or Bullions, they were crushed and non -printed unless there was enough silver at the Treasury to support them. In the sixties, silver was used to make coins more than the nominal value of the coin and the exchange ceased to stop financial meaning for the government.

In 1964, the US government interrupted the replacement of silver certificates for silver dollars, but redemption for Bullion continued for another four years. June 24, 1968, the government completely ended the replacement of silver and the bearers of the silver certificates could only replace them with notes of the federal reserve system. In the age of 70, most of the remaining silver dollars were sold to the public at the US cash register at collecting values.