Asked in Coins and Paper Money
Coins and Paper Money
What is an 5 1889 silver certificate bank note how much is it worth?
Answer

Wiki User
February 03, 2009 12:26AM
If it's authentic and not a replica, auction prices as of 02/2009 are $400.-$750. depending on how worn it is.
Related Questions
Asked in US Banknotes
What is the value of a 1935 US 1 dollar silver certificate at the bank?

Banks don't buy or sell collectible currency. Regardless of a
bill's age or rarity, a bank is only allowed to give you face value
so you would only get $1 for a 1935 silver certificate.
That said, most average-condition 1935 $1 bills aren't worth
much more than a dollar or two anyway. There's more information at
the question "What is the value of a 1935 US 1 dollar silver
certificate?"
Asked in Certificates of Deposit
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.
Asked in Coins and Paper Money, US Banknotes
How can you redeem a silver certificate?

If you mean can I get a silver dollar for it from a bank? or a
federal reserve? They stopped that in 1969.
Late-date silver certificate bills (e.g. 1957 $1 bills) are
common among collectors so they rarely sell for much more than face
value. However some older ones can be worth more, but you need to
know the bill's date, series letter, and denomination to determine
its value.
Asked in Certificates of Deposit
What is the safety of a certificate of deposit?

Physical safety of a certificate of deposit is important but not
as important of as the safety of the money we have deposited with
the bank.
Safety of the money deposited in a certificate of deposit is
directly linked to the financial stability of the bank in which you
have opened it. Let us say you have deposited $1000 in a bank and
it goes bankrupt, even if you have safeguarded the certificate in
your home, it is worthless because the bank has gone bust. On the
contrary, if you lose the certificate, you can always get a
duplicate from the bank.
Asked in Coins and Paper Money, US Banknotes
If you go to the bank with a silver certificate will they give you a silver dollar for it?

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 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.
Asked in US Banknotes
Does the bank have to give you silver for a 1 dollar silver certificate?

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 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.