Why are silver certificates not worth what they say ' IN SILVER'?
Silver certificates are no longer exchangeable for silver bullion due to classic supply and demand.
Prior to the early 1960s the government controlled both the supply and price of all silver metal in the US. Because the price was fixed, it was possible to tie each silver certificate to a specific amount of metal; one dollar was equivalent to approximately 0.77 troy ounces of precious metal.
However worldwide demand for silver skyrocketed due to increasing use in electronics and other high-tech applications. Both companies and other countries were willing to pay more than the fixed price for silver, which led to widespread speculation: People would exchange silver certificates for metal at the government's price, sell the metal for more on the open market, take the profit and re-exchange the rest for silver certificates which they exchanged again ... and so on.
Speculation was so rampant that silver coins almost vanished from circulation and the government's stores of silver bullion were being depleted at an alarming rate. To prevent the money supply from being undermined the government stopped exchanging silver certificates for metal. In addition they had to deregulate the price of silver in the US and let it "float" on the world market like any other commodity.
What is the value of a 1976 US 2 dollar certificate?
It's only worth two dollars, and is not a certificate. The last silver certificates were $1 bills dated 1957 B, and the last $2 silver certificates were dated 1899. The banner across its top and the green seal indicate it's a familiar Federal Reserve Note, the same as all other currency printed since the 1970s.
What does a US 100 dollar bill look like and is there a 100 dollar bill?
There's very definitely a United States 100 dollar bill. Since 1969 it's been the highest denomination of paper money in the US.
The $100 bill is otherwise known as a "Benjamin" because the obverse of the bill has a portrait of Benjamin Franklin. It features a picture of Independence Hall on the reverse of the bill, though the clock is incorrectly depicted as having IV as 4 on the clock face, rather than IIII as in the real-life version.
The $100 bill is one of only two currently-circulated US banknotes featuring a portrait of an individual who was not US President. The other is the familiar ten-dollar bill which carries a picture of Alexander Hamilton, the first Secretary of the Treasury.
Why does the US dollar bill read In God We Trust?
"In god we trust" is a national motto of the United States and has to appear on all banknotes, by law, since 1955.
While the motto first appeared on 2¢ pieces in 1864 and had been on all coins since 1938, it was never printed on bills. Cold-war patriotism led Congress to authorize its addition to bills as well.
The first notes with the motto were Series 1957 and 1935G $1 silver certificates that entered circulation simultaneously in 1957. Over the next several years it was added to all other denominations.
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.
What is the value of an uncirculated 1974 US 10 dollar bill?
Even though they almost never turn up in change anymore, 1974 $10 bills are easy to find among dealers and collectors. As of 01/2010 a nice uncirculated one retails for $17 to $20.
What is the value of a 1989 silver certificate 1 dollar bill?
There is no such thing as a 1989 $1 Silver Certificate.
What is the value of a series 1953 A US 5 dollar bill?
If it has a blue seal it is worth 8 to 10 dollars in circulated condition and 18 dollars or more in uncirculated condition. If it has a red seal it is worth 4 to 9 dollars circulated and 12 dollars or more uncirculated.
What is the value of a 1953 A US 5 dollar bill with a red seal?
As of 03/2011 approximate prices are:
Circulated: $5 to $9 depending on the bill's condition
Uncirculated: $12
Despite its age and unusual design, these bills were common at the time and aren't considered to be rare. The red seal indicates it's a United States Note, a form of currency printed up till about 1971.
Serial Numbers
A bill's serial number is a counter and a security feature. In most cases it doesn't affect a bill's value or help to identify it. Some collectors specialize in bills with low serial numbers (e.g. 00000005) or unusual patterns (12344321) so these can bring above-average prices.
DISCLAIMER: The values quoted are market averages as of the date shown, but may be different for an individual bill due to variations in quality and other factors. Also the wholesale (buying) price of a bill will be less than the selling (retail) price. A reputable currency dealer will be able to give a more accurate valuation based on an in-person inspection.
Despite its age and now-unusual design, 1953 $5 U.S. Notes are common among collectors.
As of 07/2009 auction prices for a circulated bill range from face value to $9 depending on condition. Uncirculated ones go for $12 or more, however.
How much is a US 1950 20 dollar bill worth?
I'm looking on eBay and - depending on the condition - seem to be going for about $40.
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Unfortunately eBay isn't always a good indicator of actual market value because asking prices can be all over the map depending on the skill and honesty of the poster. As of 05/2014 an average of auction prices across multiple sites shows circulated bills selling for closer to $25, while uncirculated ones can bring the $40 amount cited.
What is the value of a 1932 US 100 dollar silver certificate with a blue seal?
Please check your bill again and post a new, separate question. The US didn't print any bills dated 1932 due to the Great Depression, and the last $100 silver certificates were printed in the 19th century.
What is the value of a 1951 US 5 dollar bill?
Please check your bill again and post a new, separate question. No US bills are dated 1951.
When were silver certificates marketed?
Silver certificate (and all other bills, for that matter) are circulated rather than marketed. "Marketing" means to put up for sale.
Silver certificates were introduced in 1878. They were backed dollar-for-dollar by an equivalent amount of silver on deposit with the Treasury. They were discontinued in the early 1960s when the price of silver had to be deregulated, which meant there was no longer any way to keep a fixed link between the bills' values and silver metal's value.
Silver certificates were never withdrawn or demonetized. The Treasury simply stopped redeeming them for silver. The bills gradually disappeared from circulation as they wore out or people saved them as keepsakes.
What is the value of a 1910 US 10 dollar bill?
There weren't any federally-issued $10 bills dated 1910 but at that time many private banks printed their own bills under federal charter.
Please post a new, separate question with more information. If your bill has the name of a private bank on it, include that name.
What is the value of a 10000 dollar Federal Reserve Note?
Please post a new, separate question with the bill's date. $10000 Federal Reserve Notes were printed in the 1918, 1928, and 1934 series.
All are extremely rare so it's crucial to determine whether your bill is genuine. That will require an in-person examination by a currency expert.
What is the value of a 1922 US 50 dollar bill with a red seal?
Please check your bill again and post a new, separate question. There were no red-seal $50 bills dated 1922. The last red-seal $50 bills carried a 1914 date, while 1929 bills had brown seals.
How much of dollar bill is needed to be a valid dollar?
At least 2/3 of the bill must be intact for it to be redeemable at a bank. That rule is to prevent a person from, say, tearing a bill into thirds and redeeming each one for the full face value of the original bill.
The Treasury has special provisions for redeeming money damaged by fire, water, mold, etc.
What is the value of an 1886 US 1 dollar silver certificate?
As of 01/2011, prices are in the range of $200 to $700 for one in circulated condition, and over $800 uncirculated.
1886 US $1 silver certificates are somewhat rare, so you should have it inspected by an expert to make sure it's genuine.
What is a 1933 silver certificate 1 bill worth?
A 1 dollar denomination silver certificate was not made in 1933 only 10 dollar. That being said if you have one it is fake.....its worth $0.00
How much is a series of 1934a 20 dollar bill green seal worth?
In circulated condition it does not have any significant collector value.
A nice crisp uncirculated one is worth $25 to $30
What is the value of a series 1934-A 5 dollar bill?
In circulated condition it's worth about $9
A nice crisp uncirculated one is worth about $50
U.S. currency is printed in a 3-step process :
The back is printed first and taken to a drying room.
Next the front is printed and then allowed to dry.
Last, the serial numbers and Treasury shield are printed in an overprint press.
So you can see it's virtually impossible for a partialback side to be printed on the front side.
I suggest you take it to a coin show and have a few currency dealers look at it to figure out what you have.
What is the value of a 1963 US 5 dollar gold note with a red seal?
Please check your bill again. As the banner across its top indicates, it's a United States Note and not a gold certificate or gold note. The US hasn't printed gold bills since the 1920s, and the last $5 gold notes was issued from 1870 to 1874.
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