Silver Certificates were authorized by Congressional Acts of Feb. 28, 1878 and Aug 4, 1886. In 1878, the U.S. economy was doing quite well and the need for silver coinage outstripped the available supply. The idea was not to replace coins, but to create an easier method of exchange. The government would hold the equivalent amount of silver coins and bullion and promise to redeem the certificates on demand.

Due to the Silver Purchase Act of 1934, the redemption clause was changed to allow redemption in Silver Dollars or Silver bullion and in March 1964, the Secretary of the Treasury halted redemption in Silver Dollars. Silver Certificate legislation was abolished by Congressional Act June 4, 1963 and all redemption in silver was halted in June 24, 1968.

Small size silver certificates

Small size silver certificates were issued in denominations of $1, $5 and $10 in series 1928, 1933, 1934, 1935, 1953, and 1957. The obligation on the 1928 series silver certificates stated that they were redemable for "One Silver Dollar", which was changed in 1934 to read "One Dollar in Silver."

Silver Certificates

Small Size 1928 A Code: 1666 Price: $399.00 Country: US Denomination: $1.00 Grade: PMG-30 EPQ Quantity in Basket: none

Small Size 1928 C Code: 1667 Price: $999.00 Country: US Denomination: $1.00 Grade: PMG-65 EPQ Quantity in Basket: none

Small Size 1928 C Code: 1668 Price: $0.00 Country: US Denomination: $1.00 Grade: PMG-66 EPQ Grader: Fr.1603 Quantity in Basket: none

Small Size 1928 D Code: 1669 Price: $1,299.00 Country: US Denomination: $1.00 Grade: PCGS-65 PPQ Grader: $1 FR 1604( Three Consecutive Notes ) Quantity in Basket: none

Small Size 1928 D Code: 1670 Price: $599.00 Country: US Denomination: $1.00 Grade: PCGS 64PPQ Grader: $1 FR 1604( Two Consecutive Notes ) Quantity in Basket: none

Small Size 1934A Code: 1672 Price: $395.00 Country: US Denomination: $10.00 Grade: PCGS-65PPQ Grader: $10 FR 1702 Quantity in Basket: none

Small Size 1934B Code: 1674 Price: $475.00 Country: US Denomination: $10.00 Grade: PCGS 50 Grader: FR 1703 A scarce series in very high grade Quantity in Basket: none

Small Size 1934B Code: 1675 Price: $775.00 Country: US Denomination: $10.00 Grade: CGA 58 Grader: FR 1703 A scarce series in very high grade Quantity in Basket: none

Small Size 1934B Code: 1676 Price: $4,300.00 Country: US Denomination: $10.00 Grade: PCGS 66PPQ Grader: The 1934B $10 Silver in Gem is a numismatic rarity that is not often appreciated. The 1933 $10 Silver in its own right is a classic rarity due to its one year design type. Quantity in Basket: none

Small Size 1935 A Code: 1677 Price: $500.00 Country: US Denomination: $1.00 Grade: CGA-66 Grader: $1 R Silver Certificate Quantity in Basket: none

Small Size 1935 A Code: 1678 Price: $850.00 Country: US Denomination: $1.00 Grade: PCGS 66 PPQ Grader: $1 S Silver Certificate Quantity in Basket: none

Small Size 1953 A Code: 1679 Price: $0.00 Country: US Denomination: $10.00 Grade: PCGS-63PPQ Grader: FR-1707 This well preserved $10 Silver earned its PPQ designation by retaining its embossing and natural paper surfaces. Quantity in Basket: none

Small Size 1953 A Code: 1680 Price: $79.00 Country: US Denomination: $10.00 Grade: PCGS-15 Grader: 1953-A, $10 Silver Certificate. Star Note. PCGS Fine 15. Fr-1707*. KL-1972*. A very attractive circulated example of a scarce star note, one of only 144,000 originally produced. Quantity in Basket: none

Small Size 1957 Code: 1682 Price: $495.00 Country: US Denomination: $1.00 Grade: CGA-65 Grader: FR-1619 AA, This is the 36th 1957 SC made Quantity in Basket: none

Small Size 1957 Code: 1691 Price: $450.00 Country: US Denomination: $1.00 Grade: CGA-66 Grader: FR-1619 AA, This is the 62nd 1957 SC made Quantity in Basket: none

Small Size 1957 Code: 1693 Price: $225.00 Country: US Denomination: $1.00 Grade: CGA-66 Grader: FR-1619 AA, This is the 449nd 1957 SC made Quantity in Basket: none

Small Size 1957 Code: 1700 Price: $995.00 Country: US Denomination: $1.00 Grade: CGA-65 Grader: FR-1619 AA, two consecutive low numbers from block AA. These two notes are the 38th & 39th 1957 Silver Certificates made Quantity in Basket: none

Small Size 1957 A Code: 1702 Price: $350.00 Country: US Denomination: $1.00 Grade: CGA-68 Grader: $1 FR-1620( Two Consecutive Notes ) Quantity in Basket: none

Small Size 1957 A Code: 1703 Price: $695.00 Country: US Denomination: $1.00 Grade: CGA-68 Grader: $1 FR-1620( Five Consecutive Notes ) Quantity in Basket: none

Small Size 1957 Code: 1704 Price: $195.00 Country: US Denomination: $1.00 Grade: CGA-68 Grader: $1 FR-1619 Quantity in Basket: none

Small Size 1957 B Code: 1705 Price: $195.00 Country: US Denomination: $1.00 Grade: CGA-68 Grader: $1 FR-1621 Quantity in Basket: none

Small Size 1957 B Code: 1706 Price: $895.00 Country: US Denomination: $1.00 Grade: Gem Grader: $1 FR-1621 Quantity in Basket: none

Richard Hokanson Rare Coin Investments
P.O. Box 940, Southold, NY 11971
(631) 765-6464 |
coins@optonline.net

Prices subject to market.