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Can you still receive silver when you exchange a silver certificate?
Wiki User
∙ 8y ago
No. The ability to exchange them for silver ended in 1968.
Wiki User
∙ 8y ago
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Can you still use a 1 dollar silver certificate?
Silver certificates were never formally withdrawn so you could still spend one, but you can't exchange them for silver anymore. However depending on its date it may not make much sense to spend a silver certificate. Common ones (mostly 1957 $1 bills) are pretty much only worth a bit more than face value to collectors, but some older-date silver certificates can be worth much more.
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
What is the value of a silver certificates with serial number in sequence?
The United States Silver Certificate is redeemable only only a 1:1 ratio with the Federal Reserve Dollar. They are still legal tender at face value, but they are not worth any silver. Sorry.
Can you spend a US silver certificate?
Yes, but it may not make a lot of financial sense to do that. With the general exception of very common bills like 1935 H and all 1957 $1 silver certificates, most of them are worth more than face value to a collector so you'd make a (possibly small) profit selling it instead of spending it.Silver certificates were never withdrawn or demonetized so as far as the Treasury is concerned they're still legal tender. You also could have some difficulty spending one, though, because many cashiers have never seen a silver certificate and automated bill acceptors generally don't recognize them.The only thing you can't do is exchange them for silver metal. The Treasury had to halt that practice back in the 1960s when the price of silver was deregulated.
Can you still use a 1 dollar silver certificate?
Silver certificates were never formally withdrawn so you could still spend one, but you can't exchange them for silver anymore. However depending on its date it may not make much sense to spend a silver certificate. Common ones (mostly 1957 $1 bills) are pretty much only worth a bit more than face value to collectors, but some older-date silver certificates can be worth much more.
Can you still cash in your silver certificate for silver?
No, but if it holds any numismatic value you may be better off.
Can 1935 US 1 silver certificate still be used?
It's still legal tender at face value, but it can no longer be exchanged for silver.
When did they stop valuing silver certificate dollars?
All redemption in silver ceased on June 24, 1968. But the notes are still legal tender.
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
What is the worth of a 1957 silver certificate with numbers 60292992 is it a repeater?
The worth of a silver certificate with serial # 60292929 is about $3 to $5 if it is in uncirculated condition. Unfortunately, this serial is not a true repeater. It needed to be 29292929. However, it is still a cool serial.
How can you tell if a 5 dollar bill is a silver certificate?
It's easy if the bill was printed from 1928 to 1953, the last series year $5 silver certificates were issued. All bills will have the words SILVER CERTIFICATE in the banner across the top, and with one exception they'll all have blue seals and serial numbers. The only exception is a series of special 1934 and 1934 A bills printed for use in Hawaii during WWII; these have brown seals but still say Silver Certificate. Older bills may have the words Silver Certificate or they may say something like "Five Silver Dollars" on them.
One dollar in silver payable to the bearer on demand?
That was written on the old US $1 silver certificate. At they time they were still in use, they could be redeemed for a dollar's worth of silver coins, but this practice was discontinued in the 1960s. The bill is still legal tender at face value today.
What is the value of Silver certificates in sequence?
The United States Silver Certificate is redeemable only only a 1:1 ratio with the Federal Reserve Dollar. They are still legal tender at face value, but they are not worth any silver. Sorry.
What does a blue seal mean on a bill?
Blue seals usually indicate that the note is a Silver Certificate. Before silver was withdrawn from circulation, silver certificates were backed 1-for-1 with the same worth of silver metal in the Treasury. At that time the government controlled the price of silver and it was possible to exchange a silver certificate for the same value's worth of silver metal. When silver was deregulated in the 1960s the government stopped that practice to prevent people from "gaming" the system by timing sales and purchases. $5 and $10 silver certificates were discontinued in the 1950s but $1 SC's continued to be printed up till about 1965. These carried the "series date" 1957, though. In 1963 the Treasury started issuing new $1 bills as Federal Reserve Notes with the same design and green seal color we still have today.
Can you use us 1 dollar silver certificate as regular money?
Silver certificates have never been withdrawn or demonetized so they're still "regular money".You can't exchange them for silver metal anymore; that practice was abolished in the 1960s. You can spend them at face value but that's probably not a good idea. Most silver certificates are worth more than that to a collector - sometimes only a small amount, sometimes a whole lot more. For example, a 1957 US $1 silver certificate in average condition will generally only bring $1.25 to $1.75 on the collector market. However if you have a much scarcer 1928-E $1 bill, it might sell for $200 to $500.
What is the value of a 1953 US 5 dollar bill with a blue seal?
The blue seal indicates that it's a silver certificate. Please see the question "What is the value of a 1953 US 5 dollar silver certificate?"for more information about its value. Silver certificates were issued up till the early 1960s. The last ones were $1 bills printed as part of the 1957 series so they'll have that year followed by a small "B" to indicate when they were actually issued. At that time it was possible to exchange them for $1 in silver metal or coins, but when the price of silver skyrocketed the government stopped the practice. The bills are technically still legal tender at face value but are worth somewhat more to collectors.
