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Is the 9 11 twenty dollar silver certificate a good buy?
The U.S. has not printed any $20 silver certificates since 1891. What you are describing sounds like a private issue. VERY few of these items ever end up being worth as much as they originally cost - there's usually little or no aftermarket demand for them.
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The easiest way is to take it to a coin or antiques dealer. However, whether you can sell it depends on its denomination, date, series letter, and condition. If it's a… 1957 $1 bill, it's one of the most common silver certificates and is worth only about $1.25 retail so a dealer will only pay face value. Older $1 bills may bring up to $2 or $3, more if they're in excellent condition. Other denominations have a similar range, but you have to know exactly what you're looking at. There are auction prices at a number of sites - there's a useful one at the Related Link below.
Assuming the series date is 1935 or 1957, not much is special except that the bill represents a form of currency no longer issued by the Treasury. Nearly all of them have blue… seals and serial numbers so they stand out versus today's universally green-seal bills. Most bills with those dates were printed in huge numbers. Even today they don't sell for much more than a couple of dollars. There are some exceptions, though, like the special yellow- or brown-seal bills printed during WWII. Silver certificates were backed 1-for-1 with silver metal on deposit with the government. Up till the early 1960s the price of silver was tightly controlled, and it was possible to exchange a certificate for the same dollar amount of silver. When demand for silver skyrocketed the government could no longer control supply and demand. The price was deregulated and the Treasury sold off its silver stocks. To prevent speculation and manipulation of the silver certificates in circulation, the Treasury discontinued redemption for silver metal. In 1963 the Treasury began printing $1 bills as Federal Reserve Notes, although some silver certificate production continued as late as 1965.
No. Redemption of silver certificates was halted in the 1960s, when the price of silver was deregulated and the US stopped backing its money with precious metals. The governme…nt could no longer guarantee a fixed amount of silver for each dollar, and in fact the Treasury's stockpile of silver was sold off.
Silver certificates were bills backed 1-for-1 by silver metal on deposit in the US Treasury. They could only be printed in quantities equal to the total amount of silver in th…e vaults, which put a significant limit on the ability of the Treasury to adjust the money supply. Silver certificates were possible only because the government controlled the price of silver and held it fixed for decades at the now ridiculously low level of $1.29 per ounce. But in the 1960s the demand for silver skyrocketed and the Treasury was forced to deregulate its price and sell off its stocks. The 1-1 backing of bills with metal was suspended because otherwise people could "game" price swings and make a profit by trading bills back and forth for silver bullion. In 1963 new $1 Federal Reserve Notes started to replace silver certificates, and by 1968 the government stopped exchanging silver certificates for bullion.
Silver certificates were bills issued directly by the US government rather than by the Federal Reserve System. They were backed 1-for-1 with a dollar's worth of silver on depo…sit in the Treasury's vaults, so the number available was determined by how much silver was stored. Today silver certificates almost never show up in circulation. Those that do are usually 1957 $1 bills which are the most common date and are only worth a small premium. Some older silver certificates can be worth much more to a collector, though. At one time the government controlled the price of silver, so certificates could be exchanged for silver coins or silver metal at a bank. That policy was halted in 1968 after the price of silver was deregulated to prevent people from "gaming" the exchange system every time the price of silver changed. In the 20th century silver certificates were most commonly issued as $1, $5, and $10 bills. Other denominations were issued in the 19th century. They most commonly had blue serial numbers an seals, and all had the words SILVER CERTIFICATE across the top. The last silver certificates were 1957-B $1 bills. They were printed up till the mid-1960s with the same date while the government transitioned the $1 bill to its current form as a green-seal Federal Reserve Note. US Notes US Notes were another form of currency printed directly by the government. These bills are sometimes confused with silver certificates but are not the same. Most US Notes have red serial numbers and the words UNITED STATES NOTE clearly printed across the bill's face.
Until the mid-1960s silver certificates were backed with silver on deposit in the US Treasury. Only as many dollars worth of silver certificates could be issued as there was s…ilver on hand, which acted as a control on the money supply. The phrase "will pay to the bearer on demand", etc. was honored in various ways over the years - sometimes in silver bullion, sometimes in silver coins - depending on the laws in effect at the time and the availability of each form of the metal. Redemption of silver certificates was halted when the price of silver was deregulated and the US stopped backing its money with precious metals. The government could no longer guarantee a fixed amount of silver for each dollar, and in fact the Treasury's stockpile of silver was sold off.
The FACE value of these bills is $1 but their collector value varies considerably. For example, circulated 1957 / 57A / 57B silver certificates and some later-series 1935 …bills are quite common among collectors and sell for only 25 to 50 cents extra. Others, such as bills specially printed for use in Hawaii and North Africa during WWII, and bills dated 1934 and earlier, can be worth a lot more. If you have questions about a specific date, check to see if there's a small "series letter" next to the date, then check for questions in the form "What is the value of a [date] [letter] US [value] silver certificate?", e.g. "What is the value of a 1953 A US 10 dollar silver certificate?
A shekel is a unit of weight, so the value of 20 shekels in US dollars would fluctuate with the current trading value of silver. One shekel is approximately 2/5 of an ounce or… 11.5 grams. As of today, 1/15/11, 20 shekels would be about $228. A shekel is also a unit of currency, and is presently the official currency of Israel. Since conversion varies, you would need to consult a bank or some such trading organization. As of today, 1/15/11, 20 shekels are approximately worth $5.6 dollars US.
The US Treasury would exchange them for silver coins. That policy ended in the mid-1960s when silver coinage was discontinued.
No. This is the not the first time this company has tried to profit off the 9/11 tragedy. They were shut down by Eliot Spitzer the first time, and I understand there is …an investigation underway over this latest effort. They claim they are selling it for "face value," but there is no "face value." It is not legal tender, and it is very likely a scam.
No such coin exists for a few reasons. Number 1, all US coin denominations (that were intended for circulation) greater than $1 are in gold. A silver $20 coin would be huge,… the size of 20 silver dollars. (On the other hand, a $20 gold piece is roughly the size of a silver dollar) Number 2, there is no US coin struck with the date of 1776. Nor is there any other country using the currency of "dollar" that would have struck a $20 silver coin. What you have is a fantasy piece, post a new question including what the coin really is, its weight, diameter, and all other information about it, because it is not a US coin. (and most likely isn't even silver)
Up to 1964 you could get a silver dollar for it More Silver certificates were printed from the Civil War till the mid-1960s, although the last ones were dated 1957. Eac…h dollar's worth of silver certificates in circulation had to be backed by an equal amount of silver on deposit with the Treasury. The price of silver was controlled by the government so it kept the currency's value stable but it also severely limited the government's ability to react to economic up- and down-turns. By the early 1960s industrial demand for silver had skyrocketed and many governments, not just in the US, were forced to deregulate its price. Because its value was no longer fixed the Treasury had to stop redeeming silver certificates for silver coins. Starting in 1963, low-denomination silver certificates were phased out and replaced with the same Federal Reserve Notes that were issued for other, higher denominations.
It depends on its date, series letter, and condition. A 1957, 57-A, or 57-B bill is so common that you'd be lucky to get more than 25¢ or 50¢ extra if you sold it to a deale…r. An older bill might bring more but again it depends on those same factors. If the extra value is significant and you have an eBay account or something similar, you might be able to get close to its retail value by selling it online. There's a price guide at the Related Link.
In US Coins
The 1928 Series Gold Certificates are valued at $85 in fine condition, $100 in very fine condition, $150 in excellent condition, $450 in uncirculated condition. Grades a…re based upon the folds in the bills, the tears, spots, and crispness of the bills. Louis - hope this helps
In US Banknotes
US $2 silver certificates were last printed in the 19th century. 1886 series: a portrait of General Winfield Scott Hancock 1891 series: Treasury Secretary William W…indom* 1896 series: Inventors Robert Fulton and Samuel Morse 1899 series: President George Washington None of the $2 bills printed in the 20th and 21st centuries were silver certificates. Since 1928 they've had a portrait of Thomas Jefferson on the front. (*) Yes, he is the great-grandfather of the actor with the same name.
No. Redemption of silver certificates for silver metal was halted in 1968, when the price of silver was deregulated and the US stopped backing its money with precious meta…ls. The government could no longer guarantee a fixed amount of silver for each dollar, and in fact the Treasury's stockpile of silver was sold off.
There has never been a genuine US $1M bill. Many novelty companies sell fake $1 million bills. They cost a couple of dollars and are used as joke items. The US o…nce printed bills up to $10,000 for regular circulation use, but printing ended in 1945 and distribution was halted in 1969. There were about 42,000 $100,000 bills printed for special government transactions but these were never publicly circulated. All but one or two were later destroyed.