FREE: Vintage Currency *Silver Dollar Certificate*
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Description
The listing, Vintage Currency *Silver Dollar Certificate* has ended.
1 Silver Certificate for collectors A silver certificate is a note (bill) that could be redeemed for an equivalent amount of silver. It was a pretty good idea for government so they werent wasting money on coins and silver than they switched to what we use now' but these are collectible and nice to have.. You will usualy only see these with a collector or on the internet. Its just a piece of history.. I had bought this silver certificate off a collector so it looks good for its age.. Its a series 1957 b.. Any questions or knowledge you can pass my way feel free and happy bidding,,
Questions & Comments
What year is this,and can you get any clearer photos?
Actually, the reason they switched to Federal notes is because they no longer have the silver to back the amount paper money they have out there. They needed a different form of "money" to use for sales of goods that would not necessarily be a lie. The government was promising that it would be considered valuable if you sold your goods and took this piece of paper for your goods and it would be honored at any federal bank.
its crazy all they've came this far thru the diff kinds of currency an i like learning about it..i also hav a star note as well but keeping it for collection
OOps, when I said they don't have they don't have the silver, I meant they don't have the silver in the federal reserve banks. to warrant printing anymore silver certificates so they switched to Federal Reserve Notes so that if people panicked they wouldn't come running demanding their share of the silver from the reserve with their certificates. Anyway, you can find that in your history books. I am watching and fanned you. I did see the date, but can you get some better photos please? Don't hold your camera so close and push the button with a slow steady pressure please.
When all US currency was backed by gold or silver it was a rock solid currency. People today will tell you that gold is up. They are wrong. Actually, the dollar is down.