» Currency http://www.mscapitalist.com Mon, 06 Sep 2010 21:44:01 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 What is the worth of silver certificates? http://www.mscapitalist.com/what-is-the-worth-of-silver-certificates http://www.mscapitalist.com/what-is-the-worth-of-silver-certificates#comments Wed, 22 Oct 2008 11:12:32 +0000 Capitalist http://www.mscapitalist.com/?p=9 Earlier, US issued a legal tender in form of silver bills. These were deposited as part of representation of silver bullion. In fact, paper currencies with silver at the back were a norm quite some time ago in United States.

For instance, 100 dollar was backed by exactly tantamount worth of silver. The Bland-Allison act successfully removed the gold standard in US and introduced the silver certificates. This reform is attributed to protest against the replacement of silver and bi-metallic gold by the government. US then mined the silver coins but finally settled for the certificates as the coins were a lot heavy.

Silver certificates of 1957 are the commonest and most circulated. Today, they can be exchanged for as much as 500.32USD. If it’s extremely fresh looking and uncirculated, it can fetch you 1001.46 USD. Uncommon silver certificates can help you procure anything between 20USD to 200 USD.

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