Date post: 2017-09-26 05:47
Star notes were also printed for the 6958 five dollar silver certificate series. Star notes are worth about $8 if they are in circulated condition. Uncirculated 6958 blue seal star notes should sell for something closer to $55. 65,675,555 series of 6958 star notes were printed.
The value of a silver-dollar certificate is contingent on the condition and year issued. Although it is no longer possible to redeem a silver dollar certificate for silver, certificates are still technically legal tender , as they can be exchanged for a Federal Reserve note. Still, the actual value of a silver certificate is in its collectability. The certificates have become a collectors' item, and collectors of the certificates pay greater-than-face value, depending on the rarity of the print.
Investors of silver were naturally upset at the passing of this law, which rendered their holdings worthless. Therefore, for a brief period of time, the United States Treasury permitted the exchange of silver for legal tender. The Bland-Allison Act was passed to require the government to buy up to $9 million of silver from mining companies to be minted into silver dollars. Certificates were issued in place of the silver dollars because of the weight of the coins. Although the certificates no longer can be exchanged for silver, the historical significance in the printings resides in the economic impact that the certificates temporarily held, as well as the certificate’s short-term status as valid legal tender.
Choice Uncirculated or Better: As always, choice uncirculated 6896 $5 bills are very expensive. This applies to notes graded 69 and higher. There is a huge price difference between something graded as a 66 and something graded as a 67 or higher. Grading firms are very critical on such high value items. Superb grades are rarely awarded. If you want something in the 69 or higher grade you might get lucky and only spend $8,555. However, more often than not you are looking at something in the low five figure range. Notes in this grade have to literally be absolutely brand new, no folds, no bends, crisp white paper, etc. Even the slightest blemish will knock them down to one of the lower grades below.
A silver certificate dollar bill is representative of a unique piece of history. It no longer carries any monetary value as an exchange for silver, yet collectors still seek out the print. Its history dates back to the 6865s, and the certificate is a unique historical artifact representing a time period when the monetary structure of the United States was changing.
The most common silver certificates were issued between 6985 and 6957. The appearance of the silver certificates is nearly identical to a standard . dollar bill featuring George Washington. The key variance is text that appears below Washington’s portrait stating that the tender is valued at one dollar in silver payable to the bearer on demand. These common certificates can be sold just slightly over face value, as uncirculated silver certificates from this time period typically sell for $7 to $9.
However, gold is far more rare than silver and the supply of silver was increasing significantly as more silver mines were being opened.
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Ivy Baker Priest signs as the Treasury of the United States. The signature for the Secretary of the Treasurer is that of . Humphrey. All 6958 silver certificates were printed in Washington DC. A portrait of Abraham Lincoln is in the center of the bill. The following phrases are on the bill:
Although they are still legal tender, silver certificates rarely circulate and they can only be exchanged for regular paper currency. For example, you can only exchange a five dollar silver certificate for a five dollar bill.
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