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When did US bills start saying US Note on the top instead of Silver Certificate?
Wiki User
∙ 9y ago
One type didn't replace the other. Both silver certificates and US Notes were printed concurrently for almost 80 years, sometimes in the same denominations.
The difference between them was that silver certificates had to be backed dollar-for-dollar with silver metal held by the Treasury, while United States Notes were Fiat bills issued directly by the government rather than through a separate bank.
Silver certificates were discontinued in the early 1960s when silver prices had to be deregulated. Convertibility was halted because each bill could no longer be backed by a fixed amount of metal.
US Notes served exactly the same purpose as Federal Reserve Notes, so around 1970 they were discontinued to save the cost of printing two separate but interchangeable types of bills.
Wiki User
∙ 9y ago
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What is the value of a 1966 US silver certificate?
The last US silver certificates were $1 bills dated 1957. Please check your bills again and post a new question.
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 the value of a 1930 US 1 dollar silver certificate?
The U.S. didn't print any silver certificate bills dated 1930. Please check again and post a new question.
What is the value of a 1943 D 5 silver certificate?
The U.S. did not print any bills dated 1943.
What is the value of a 1956 one dollar silver certificate?
The U.S. did not print any bills dated 1956.
What is the value of a 24k silver certificate?
There is no such thing as a "24K silver certificate" instead what you have most likely is a genuine US silver certificate that has been layered with a tiny amount of 24K gold. These bills are merely novelties and are not seriously collected by currency collectors (instead collectors view these bills as damaged). I'd say it might be worth about $2-3 as a curiosity.
Is there a 1958 silver certificate?
No. The last silver certificates were 1957-series $1 bills. There weren't any US bills of any type dated 1958.
What is the value of a 1966 US silver certificate?
The last US silver certificates were $1 bills dated 1957. Please check your bills again and post a new question.
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.
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 the value of a 1930 US 1 dollar silver certificate?
The U.S. didn't print any silver certificate bills dated 1930. Please check again and post a new question.
How do you know if a bill is a silver certificate?
Silver certificates issued from 1928 to 1957 are easy to identify. They have distinctive blue seals and serial numbers, and the words "Silver Certificate" are across the top of the bill's front. Older bills may or may not say "Silver Certificate", but will have some reference to "Payable in silver", "Redeemable in Silver Coin", or similar phrasing.
What is the value of a 1943 D 5 silver certificate?
The U.S. did not print any bills dated 1943.
What is the value of a 1956 one dollar silver certificate?
The U.S. did not print any bills dated 1956.
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
How can you tell if a bill is a silver certificate?
Bills printed from 1928 till 1957 (the last series year) will have the words Silver Certificate printed across the top of the bill's front. In most but not all cases, the seal and serial numbers will be printed in blue ink. Some special WWII bills may have brown or yellow seals. Older (pre-1928) bills may be more difficult to identify. Some will say Silver Certificate, but others may use words such as "5 silver dollars" or "one dollar in silver coins", etc.
What is the value of a 1959 B US silver certificate?
The U.S. didn't print any $1 bills dated 1959. The closest date is a 1957-B silver certificate and it has a value of about $1.50 in circulated condition.
