Long before the green sealed bills we use today to perform transactions across America, there was a time when the public used cash in the form of notes that carried terms such as Silver Certificate and Gold Certificate on them. The Silver Certificate was a legal tender note that began it’s emergence into the American economy in the late 19th century. The point of using the Silver Certificate was so the public could feel confident that the paper money they were carrying actually represented something similar to the coins they were carrying, which contained silver and gold; precious metals used for dozens of centuries to purchase goods and services throughout the world.
It is stated quite clearly on the Silver Certificate small notes from the 1928 series, to use one example, that, “THIS CERTIFIES THAT THERE HAS BEEN DEPOSITED IN THE TREASURY OF THE UNITED STATES ONE SILVER DOLLAR PAYABLE TO THE BEARER ON DEMAND.” The many other types of the Silver Certificate, both large and small notes, and in all denominations, carrying the Silver Certificate label, provide some variation of this statement, thus giving the public an opportunity to redeem any of the paper notes, at any of the Treasury of the United States offices across the country, for real silver comparable to the amount of the Silver Certificate.
The Silver Certificate has been rendered obsolete by an act of Congress on June 4, 1963 and another act of Congress on June 24, 1968 created an official end to the practice of transferring the notes into silver. However, neither of these acts abolishes the legal tender status of the Silver Certificate, as they still can be used in transactions to purchase goods and services across the United States to this day. It is suggested that instead of using you old Silver Certificate to buy a pack of gum, you bring it in to one of the numismatic and notaphilist experts at Nevada Coin & Jewelry, where we can examine it for a value more than just its face value. The average Silver Certificate will trade on the open collectible market for at least 5 percent above its face value and could be considerably more. Currency collecting is considered the “hobby of kings” and at Nevada Coin & Jewelry, we have many experts on the subject.
So bring your Silver Certificate in to any of the Nevada Coin & Jewelry locations in the greater Las Vegas area and put our expertise to work for you today. Who knows? Perhaps your Silver Certificate might just be worth gold!