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Yes, but it probably wouldn't be a reasonable financial move:
- You'll only get face value for it. Banks are not allowed to pay extra for collectible bills or coins.
- The government stopped exchanging them for real silver over 40 years ago. All you'll get is a new green-seal bill or $1 coins.
Depending on its condition and what letter is next to the date you might be able to sell it to a currency dealer for more than face value. 1935 and 1957 $1 silver certificates are fairly common, so you won't get much though. For example, the rarest standard-issue 1935 bill is the 1935-G series with the motto In God We Trust on the back; it retails for about $5 so a dealer may offer you $3. However some varieties such as those with series letter E, F, or H retail for just 25 to 50 cents above face value so a dealer will only pay $1.
$5 and $10 silver certificates can be worth enough above face value to make selling them a viable option.
Even if you decide not to sell, a silver certificate will at least make an interesting conversation piece and keepsake.
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∙ 9y ago
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Can you still cash in your silver certificate for silver?
No, but if it holds any numismatic value you may be better off.
Can you take a silver certificate to an bank and trade it or a real silver coin?
No, The law was changed in 1968 and these bills can not be changed for silver. They are still worth the dollar value though
Where can you cash a 1953 silver certificate?
It will always be redeemable for face value at any bank, but taking old currency to a bank isn't generally a good idea. Depending on condition, it may have added numismatic value. Take it to a local coin shop for an appraisal. They will have books which rate and value currency.
How do you sell or cash in a 1935 A 1 dollar silver certificate?
You don't want to "cash in" a silver certificate; that means to take it to a bank and you'll only get face value for it. Unfortunately its value as a collectible isn't much more, perhaps $2-$3 at retail. That means you might be able to sell it on eBay or to a dealer for $1.25 to $1.75 which wouldn't even pay for postage or gas. You could always keep the bill as a conversation piece and memento of a time long gone.
Can Owner of deposit certificate sell it?
No. A Deposit Certificate cannot be sold. It can only be cashed by the person who took the deposit certificate so buying it would be a bad idea because if anyone else tries to cash the deposit certificate, the bank will not pay them.
Where do you cash a 1923 1.00 Silver Certificate?
You shouldn't "cash in" a collectible bill. To cash in a bill means to take it to a bank where you'll only get face value (i.e. $1) for it. As you can see from the Related Question linked below, a 1923 $1 silver certificate would be worth much more to a collector or at auction.
What is a bank CD?
A CD refers to a Certificate of Deposit. It is a certificate given to you by a bank for depositing cash with them. They would pay you an interest for having the deposit with them.
What is journal entry to record certificate of deposit?
debit certificate of depositcredit cash / bank
How do I cash in certificate of deposit if I have no paperwork and the bank can not find the CD?
You must complete the paperwork first in order to cash in certificate of deposit. You signature is important because it shows that you need to cash in the certificate.
Can you still cash in your silver certificate for silver?
No, but if it holds any numismatic value you may be better off.
How do you cash in a 1 dollar us silver certificate?
To "cash in" means to take the bill to a bank. They're only required to give you $1 in current coins or bills, but not silver. The government stopped printing silver certificates in the mid 1960's when the price of silver was deregulated. Redemption for silver coins or bullion was abolished in 1968 to prevent people from "gaming" the exchange process by speculation.
If bank closed how do you cash your money CD?
If you had opened the CD online, you can close it online. But if you do not have an online account, and have the CD certificate with you, then you have to wait until the bank opens on the next working day to cash your CD.
Can you cash in a one dollar silver certificate for one dollars worth of silver?
Not any longer. The government discontinued that practice about 45 years ago, when the price of silver was deregulated.
How do you claim fixed deposit?
Every Fixed Deposit will have a certificate linked to it. The bank would issue you a certificate that is the proof that you have a fixed deposit with the bank that is worth 'n' rupees and matures on 'x' date. You need to carry this back to the bank and submit it and ask for cashing your fixed deposit. The bank will accept the certificate and pay you the cash that is due for the deposit.
Can you cash a five hundred dollar silver bar at the bank?
No, banks do not buy silver. It needs to be taken to a silver & gold buyer for an assessment of value.
Can you take a silver certificate to an bank and trade it or a real silver coin?
No, The law was changed in 1968 and these bills can not be changed for silver. They are still worth the dollar value though
Where can you cash a 1953 silver certificate?
It will always be redeemable for face value at any bank, but taking old currency to a bank isn't generally a good idea. Depending on condition, it may have added numismatic value. Take it to a local coin shop for an appraisal. They will have books which rate and value currency.
