Exchange your silver certificate for cash at the dealer, who should be able to offer close to appraised value, or post it online for an auction sale. Use a site with a good coin and currency market, with recent auctions that will allow you to research current value of your note.
When were silver certificates withdrawn?
24 June 1968
In March 1964, Secretary of the Treasury C. Douglas Dillon halted redemption of silver certificates for silver dollar coins; during the following four years, silver certificates were redeemable in uncoined silver “granules”. All redemption in silver ceased on 24 June 1968.
What can you do with a silver certificate?
The term Silver Certificate represents legal tender in the form of paper currency. The certificate was once redeemable for silver, but can now be exchanged for its face value. In many cases, though, collectors will purchase them for much more.
When was Silver Certificate no longer redeemable for silver dollars?
On March 25, 1964, the Secretary of the Treasury announced that silver certificates would no longer be redeemable for silver dollars. The act also provided that silver certificates could be exchanged for an equivalent dollar amount of silver bullion until June 24, 1968.
How did the silver certificate get its name?
A silver certificate is a type of former legal tender in the form of paper currency which was issued by the U.S. government beginning in 1878. The silver certificate got its name because the certificate represented a stated amount of silver bullion purchased or held by an investor.
When to exchange silver certificates for silver bullion?
The Treasury Department today published procedures governing the exchange of silver certificates for silver bullion during the remaining period of exchangeability, which ends June 24, 1968. After that date, silver certificates will continue to be usable as legal currency, but may not be redeemed for silver.
Can a silver certificate be used for silver coins?
Silver certificates are no longer redeemable for silver coins or silver bullion. However, all silver certificates are considered legal tender and can be redeemed at any financial institution for their face value in equivalent current coin or paper money.
