Yes
All 1935-E Silver Certificates were printed without the words "IN GOD WE TRUST" ... this was not added until Series 1935-G. In circulated condition, it's worth about $2.00 A nice crisp uncirculated one is worth about $5.00
All Series 1935-E Silver Certificates were printed without the IN GOD WE TRUST on the back -- this is normal for those notes. This motto was not added until 1935-G In circulated condition, it's worth about $2.00 A nice Crisp Uncirculated one is worth about $5.00
No, redemption of silver certificates for silver metal was halted back in 1968, after the price of silver was deregulated.
It depends on the series letter, if any, next to the date. As of 08/2010, auction prices for uncirculated 1935 $1 silver certificates are roughly: No letter or A - $18 B, C, D - $13 E, F, H - $7 G without "In God We Trust" on the back - $10 G with "In God We Trust" on the back - $18 Note that these are estimated prices and can vary over time.
No. When the US deregulated the price of silver back in the 1960s, the practice of redeeming silver certificates for metal was discontinued.
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.
Redemption of silver certificates for silver metal was suspended back in 1968. Today they only have value as collectibles. Some of the common dates such as 1957, or 1935 with later series letters (F, G, etc) are only worth a small amount more than $1.
This Silver Certificate in Crisp uncirculated condition is valued at $37.50. In circulated condition its value is much less, around $8. Note that the motto wasn't added to $5 bills until 1963 so your bill is not an error. NO U.S. bills have the words "In God You Trust". Take a look, it's "In God We Trust"
First answerI don't assume to answer definitively for all Silver Certificates, but for the three (3) that I have in front of me right now, the answer is "No" the words "federal reserve note" do not appear anywhere on either the front of back side. The Silver Certificates I'm looking at are all One Dollar ($1.00) denomination, one each from Series 1957, Series 1957 A, and Series 1957 B.Final answerSilver certificates were issued directly by the Treasury while Federal Reserve Notes, as their name implies, are issued by the Federal Reserve System. The two types of bills are separate and distinct, so the answer is a definitive no.
The first US silver certificates were $10 bills dated 1878. Other denominations soon followed. The last silver certificates were $1 bills printed in either 1964 or 1965, according to different sources, but all were issued as part of the 1935H or 1957B series. The most commonly-issued silver certificates were $1, $5, and $10, but at one time or another all other denominations up to $1000 were also printed as silver certificates. In 1928 the Treasury standardized bills' seal colors. Blue was used for silver certificates; the only exception was during WWII when special bills carrying brown or yellow seals were printed for use in threatened areas. Silver certificates were precious-metal obligations of the Treasury. That is, the total value of certificates in circulation was limited to a matching amount of silver on deposit with the government. When demand for silver skyrocketed in the early 1960s its price rose and supply fell, breaking the stable connection between the bills in circulation and the value of silver. The Treasury could no longer back each certificate with silver coins or bullion, so production of silver certificates had to be discontinued.
The typical silver certificates that have the same backing as our current $1 green seal bills will bear the either 1935 or 1957 with various letters which divide the series. You can find the date on these bills located on the right bottom side of the center portrait (G. Washington).If you go back even further, you then will find that the $1 silver certificates will have a different back and front. These are called "funny backs". These bills are from the 20's
The 1935 series of blue-seal $1 silver certificates was actually printed until the mid-1960s without a change in date, so there are many varieties to choose from. Check for a small letter next to the date. That's the "series letter" and helps determine when it was actually printed. Despite their age, many 1935 silver certificates remain common among collectors and don't command a huge premium. Auction values as of 09/2009: 1935: circulated, $4.-$7.; uncirculated $18.+ 1935A: $2.-$3.; $18.+ 1935B, C, or D: $2.25-$3.; $13.+ 1935E, F: $1.50; $7.+ 1935G without "In God We Trust" on the back: $2.25-$3.; $10.+ 1935G with "In God We Trust" on the back: $2.25-$3.; $10.+ 1935H: $1.50; $7.+