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No, silver certificates don't and never did contain any precious metal. The entire basis for them was that they were a kind of promissory note; in other words a paper replacement for silver coins. If you think about it for a second or two, it would make no sense to embed a dollar's worth of silver into a paper bill that could be torn or burned, as opposed to simply carrying a dollar's worth of silver coins.
The bills were called "certificates" because each one had to be backed by its value in silver metal kept on deposit with the Treasury. They could be redeemed at any time by anyone for silver coins so the total value of silver certificates in circulation was limited by the total amount of metal kept in the Treasury.
What else can I help you with?
Can you trade a 1935 silver certificate for silver?
No, redemption of silver certificates for silver metal was halted back in 1968, after the price of silver was deregulated.
Were silver certificates issued for gold?
Gold certificates were issued for gold, while silver certificates were issued for silver. They were separate types of bills with separate names redeemable for separate types of precious metal.
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.
What do the numbers on a silver jewelry clasp mean?
The numbers on a silver jewelry clasp are used to measure the precious metal content of the piece. For examples if the numbers on a clasp read 999 then the piece consists of 99 percent silver, and 1 percent other metal. If the letters on the clasp read STER, then the piece is sterling silver usually 92.5 percent 7.5 percent other metals.
Where can you get 1 in silver for a silver certificate?
That's no longer possible. When the US deregulated the price of silver back in the 1960s, the practice of redeeming silver certificates for metal was discontinued.
What does inlaid silver plate mean?
Inlaid silver has two definitions. It is can be used to refer to a metal that is coated with silver. It can also mean a piece of silver that is embedded in another substance.
When were silver certificates stopped?
The last US silver certificates were $1 bills printed in 1965, although they all carried 1935 or 1957 series dates. $5 and $10 silver certificates ended with the 1953 series, with printing again continuing for several years after that specific date. In 1968 the Treasury stopped halted redemption of silver certificates for silver metal.
What is the value of a 1965 US 1 dollar silver certificate?
The last silver certificates were dated 1957 and there are no US bills dated 1965. By 1965 the U.S. had stopped making coins from silver and discontinued the policy of redeeming silver certificates for metal.
Can you exchange a silver certificate for silver?
You can't. However, depending on its age and denomination a silver certificate may be worth extra as a collectible item. You should investigate its value before deciding what to do with it. There used to be what was called the gold or silver standard where our dollars were backed by a certain amount of silver and gold. You could trade in those silver and gold certificates for a certain amount of the metal, but that's not the case anymore. Redemption of gold certificates for metal ended in 1933. Redemption of silver certificates ended in 1968.
What does it mean if a piece of silver is only stamped sterling?
Sterling stamped on any item is .925 silver and .075 other base metal.
Is a silver certificate is the same as a silver quarter?
Not at all! Silver certificates were redeemable at banks for silver metal in an amount equal to their denomination. The smallest silver certificate has a denomination of $1 so it was equal to 4 quarters. During the 20th century, there were also $5 and $10 silver certificates and during the 19th century silver certificates were printed in every denomination from $1 to $1000.
What year were US silver certificates removed from circulation?
Silver certificates were never officially withdrawn. After the price of silver was deregulated the Treasury simply stopped redeeming them for silver metal and declared them to be equivalent to Federal Reserve Notes, with no precious-metal equivalency. Silver certificates gradually wore out and were replaced by new FRNs during the normal course of currency replacement. They occasionally showed up in circulation well into the 1970s, possibly later in some parts of the country.
