0
The last silver certificate $1 bills were printed until 1965. However they were dated either 1957-B or 1935-H bills. Redemption of bills for silver dollars ended in March, 1964, and for silver bullion in June, 1968.
Silver certificates were bills whose value was backed by holdings of an equal amount of silver metal by the U.S. Treasury. The government controlled the price of silver so they were able to keep a close link between the number of bills in circulation and the amount of precious metal on deposit.
By 1963 demand for silver had risen so high that the government was forced to let its value float on the open market. The decision to halt redemption for silver metal was needed because a floating price would have allowed speculators to "game" the system by trading metal and certificates back and forth based on fluctuations in value.
The first $1 Federal Reserve Notes were issued in 1963. $5 and larger bills were already being issued as FRN's and in some cases U.S. Notes as well as silver certificates. By 1966 production of all silver certificates and U.S. Notes was ended and we now only have Federal Reserve notes.
Still curious? Ask our experts.
Chat with our AI personalities
Ezra
Coach
ProfessorAdd your answer:
Earn +20 pts
When did the us mint stop making silver certificates?
The U.S. Mint never made silver certificates because the Mint only strikes coins. Paper money is made by the Bureau of Engraving and Printing. The last silver certificates were printed in the early 1960s, but all were in the 1957 series.
How much silver was a silver certificate in 1740?
The US did not make silver certificates in 1740.
When did the US stop making 20 dollar silver certificates?
The last $20 silver certificates were issued in the 1891 series. While all denominations from $1 to $1000 were printed at different times during the 19th century, only $1, $5, and $10 silver certificates were printed in the 20th century. Production of $5 and $10 silver certificates ended with the 1953 series, and $1 silver certificates ended with the 1957 series. At that time series dates were rarely changed, so silver certificates were actually printed into the 1960s with those same years on them but different letters.
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.
What is the value of a 1957 US 20 dollar silver certificate?
The US only issued $1 silver certificates dated 1957. No other denominations have that date. The last $20 silver certificates were issued in the 1891 series.
