What is a Silver Certificate?

A Silver Certificate is a type of United States banknote that was originally redeemable for silver.

Issued between 1878 and 1964, Silver Certificates allowed the holder to exchange the note for silver coins or bullion held by the U.S. Treasury.

Although they are no longer redeemable for silver, they remain legal tender and are highly collectible today.

Silver Certificates are easily recognised by their blue Treasury seal and blue serial numbers, which distinguish them from other U.S. banknotes.

Some of the most popular Silver Certificates include:

  • 1899 Black Eagle $1
  • 1923 Horse Blanket $1
  • 1935 $1 Silver Certificate
  • 1957 $1 Silver Certificate

Earlier large-size notes tend to be scarcer and more valuable, while later small-size notes remain an affordable way to start collecting historic U.S. currency.

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