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1988 50 dollar silver coin from cook islands pegged to NZD Can you exchange it for face value in USD?
Wiki User
∙ 14y ago
Probably not since it is a foreign currency in the US.
These coins were part of a large series of Proof coins minted in 0.925 fine silver by the Franklin Mint. You may be better off selling the coin to a coin dealer or a collector.
Wiki User
∙ 14y ago
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I have 30 Canadian coins one side has Canada 1982 Dollar on top other side has 1867 Confederation on top Constitution 1982 on the bottom can I take them to a bank to exchange them for US dollars?
Yes, It is a silver dollar and you can exchange other silver dollars to the bank, so you should be able to. Yes, It is a silver dollar and you can exchange other silver dollars to the bank, so you should be able to.
Can you exchange a 1 dollar silver certificate for silver?
No. When the US deregulated the price of silver back in the 1960s, the practice of redeeming silver certificates for metal was discontinued.
Why are they called silver certificate dollar bills?
The US Treasury would exchange them for silver coins. That policy ended in the mid-1960s when silver coinage was discontinued.
What is pegged currency?
Pegging is a method of fixing a country's currency to stay at a certain rate below or above Another Country's currency. Pegging is characterized by having a fixed exchange rate. When a country pegs their money to a commodity - gold, silver, uranium - The value of the currency would then be in direct proportion to the value of the commodity. A country can have control of its currency by trading it in the world exchange market: if the exchange rate is too low, they can sell some of their currency; if the exchange rate is too high, then exports are reduced and the likely result is a recession; this is happening in South East Asia. In 1995, the US dollar began to rise in value. Many of the Asian countries had currencies pegged to the American dollar. When the dollar rose, the value of the Asian currencies rose correspondingly. However, this caused the inflation rates to rise considerably in the Asian markets. As a consequence, exchange rates rose and the Asian countries fell into recession. As of June '98, the Hong Kong currency has been pegged to the US dollar; this has helped Hong Kong survive the Asian Crisis because their currency has not dropped extensively. However, their peg may have to be dropped due to inflation and rising costs of real estate. Most developing countries will peg their currency to help them get started. Importantly, they have also to agree to trade their currency at any given time with the country they are pegged to.
Can a 1957 series A blue seal one dollar silver certificate be exchanged for a one dollar silver eagle coin and if so where do you exchange it?
No. Redemption of silver certificates for coins was ended in 1964 and for silver bullion in 1968. In any case a typical 1957 $1 silver certificate sells for about $1.25 to $1.50 in circulated condition while a silver eagle sells for at least the current price of an ounce of silver so it would definitely be an unequal exchange.
What is a freedom dollar?
it is actually the freedom tower silver dollar which is a one dollar coin minted under license of the Commonwealth of the Northern Mariana Islands (CNMI) in 2004. it is however not issued by the official us mint.
What is an 1879 silver dollar?
An 1879 "Silver Dollar" is a Morgan dollar.
What is a 30 dollar silver coin of Solomon islands worth?
Today 2/14/2011 I bought one on Ebay for $39.99.
Can you still receive silver when you exchange a silver certificate?
No. The ability to exchange them for silver ended in 1968.
What is single currency pegging?
Pegging is a method of fixing a country's currency to stay at a certain rate below or above another country's currency. Pegging is characterized by having a fixed exchange rate. When a country pegs their money to a commodity - gold, silver, uranium - The value of the currency would then be in direct proportion to the value of the commodity. A country can have control of its currency by trading it in the world exchange market: if the exchange rate is too low, they can sell some of their currency; if the exchange rate is too high, then exports are reduced and the likely result is a recession; this is happening in South East Asia. In 1995, the US dollar began to rise in value. Many of the Asian countries had currencies pegged to the American dollar. When the dollar rose, the value of the Asian currencies rose correspondingly. However, this caused the inflation rates to rise considerably in the Asian markets. As a consequence, exchange rates rose and the Asian countries fell into recession. As of June '98, the Hong Kong currency has been pegged to the US dollar; this has helped Hong Kong survive the Asian Crisis because their currency has not dropped extensively. However, their peg may have to be dropped due to inflation and rising costs of real estate. Most developing countries will peg their currency to help them get started. Importantly, they have also to agree to trade their currency at any given time with the country they are pegged to.
What is a 1935 e dollar bill w blue writing?
It's an obsolete form of paper money called a silver certificate. Up till the mid-1960s silver certificates could be exchanged for a dollar's worth of silver. When the price of silver was deregulated the Treasury stopped issuing silver certificates and suspended their exchange for silver metal. Please see the Related Question for values.
1969 first man on the moon silver dollar?
Yes, I have the Republic of the Marshall Islands "First Men on the Moon" $5 Commemorative Coin
