Silver Dollar Bill

No, sadly it is only worth about $1.25-$2 based on condition.

You used to be able to trade them in for a silver dollar, but they stopped honoring them (in the 60's?) and told everyone they had a short time to redeem them. They are fun notes and a cheap, interesting way to start collecting notes.

But no, you can no longer trade them in for any kind of silver bullion/coin.

HTH

As stated, these are Silver Certificates.

I must correct one statement though, the value of these notes can be much more than $1.25 to $2 based on condition. Only notes of low circulated condition will carry that "value".

A more correct statement would be "It is worth about $1.25 to $100 based on condition."

The obligation of a certificate states how much of a specific commodity the government of a country will "pay to the bearer." On most large-size Silver Certificates, the obligation reads: "This certifies that there have/has been deposited in the Treasury of the United States of America (number) silver dollar(s) payable to the bearer on demand." On small-sized Silver Certificates beginning with Series 1934, in order to denote current location of deposit, it was changed to read: "This certifies that there is on deposit in the Treasury of the United States of America (number) dollar(s) in silver payable to the bearer on demand."

As the price of silver began to climb to a value exceeding the face value of the notes, the United States would no longer be able to redeem these notes for a similar value in silver.

In March 1964, Secretary of the Treasury C. Douglas Dillon halted redemption of Silver Certificates for Silver Dollars. All redemption in silver ceased on June 24, 1968.

When word "hit the streets" that redemption would end, there was a flurry of redemption. People, literally, brought in wheelbarrows full of notes to be redeemed at the lofty price tag of $1.35 for a on dollar note.

Hope this helps,

Steve

My Five Dollars worth! 1953B

Thank you for the information. It is very interesting. I never really in to history until I learn about it through coins collection.
It sound to me like that was the transitions time from silver coin to paper money. Also the merchandise value start climbing over Cents to Dollars.
Imagine if there is no paper bill, just to make a transaction for a thousand Dollar, you have to bring a tractor. A million, it takes a day to handle and count.

The Bucks stop here! LOL

Whats Cool is look at the sig



This is at the time of the bill changing from NO! In God we trust! To it! and from the two dollar bill becoming a note and not a Cert!

Jeff

Thanks Zeewool! I kinda stumbled on that one myself! I was trying to lower down when the motto change was taking place when I happen to look at all my own bills (Not looking at the Sigs initially). Now I know what to look for when getting silver certs close to the date of change! (Along with the SN)!

PS Zeewool! I did get the irony! Just look at your Bible!