Silver certificates have two values: face value and collector value. They cannot be redeemed for silver but are still legal tender. Collector value is typically between $0.25 USD and a few dollars more than face value, with uncirculated certificates being the most valuable. Special editions and limited runs can also increase value.
The value of silver certificates can be determined in two ways, based on face value or collector value. Face value is the amount printed on the front of the certificate and is determined by the currency at the time of printing. Collector value is the amount that coin and bill collectors are willing to pay. This varies depending on the date or print, the condition of the certificate, and the markings on it. Silver certificates can no longer be redeemed for silver.
A silver certificate looks a lot like old United States bills. The main difference is that the words silver certificate are printed over the portrait on the front of the note. In some cases, the invoice also states that an amount of silver equal to the face value of the certificate will be paid to the holder upon request. Beginning in June 1968, the United States Congress suspended payment on silver certificates, so the owner of a silver certificate can no longer take it to the bank and exchange it for silver.
Although it can no longer be redeemed for silver, the value of silver certificates remains equal to the face value of the certificate for most practical purposes. They are still legal tender, which means they can be used exactly like paper money. The face value of silver certificates is typically $1, $5, or $10 United States Dollars (USD).
The value of silver certificates is greatest when they are traded as collector’s items. The collector’s value of silver certificates is typically between $0.25 USD and a few dollars more than their face value. Uncirculated silver certificates are the most valuable because they tend to be in better condition. An uncirculated silver certificate with a face value of $1 USD can sell for up to $4 USD. The same bill, if circulated, could sell for as little as $1.50 USD.
As with most collectibles, the value of silver certificates increases if the certificate being traded is part of a special edition or limited run. An example is the star notes. Printed in denominations of $1, $5, and $10 USD, these bills have a small star instead of a letter after their serial numbers. Silver certificates printed during certain years can also be worth more than average. The best way to find the value of silver certificates is to take them to a coin dealer or consult a coin and note collector’s guide.
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