The new printed Federal Reserve notes were redeemable for silver from the U.S. United States silver certificates are a form of paper money issued shortly after an 1873 law repealed the Coinage Act, which had allowed individuals to bring silver to the United States Mint and have it minted into silver dollar coins free of charge. It's quick, free and won’t hurt your credit score What are silver certificates? Since then, they have gone through many design changes over the years, and today, they’ve become a form of collectible American monetary history. Most silver certificates are worth only a small premium above their face value of one dollar, but the rarest silver certificate dollar bills can be worth thousands of dollars.

Silver certificates have a long history stretching back to 1878, when they were created to facilitate the legitimate trading of silver. Some can easily be overlooked, a slightly odd-looking bill hiding between more familiar ones in your wallet.

While they are no longer produced, silver certificates are still legal tender. In an age of credit cards and cryptocurrency, references to silver certificates seem to be relegated to numismatic websites and old television shows. If a silver certificate is collectible, it can be worth much more than its face value - even thousands of dollars, depending on its rarity and condition.

Though no longer redeemable for silver, all silver certificates remain legal tender. Until 1968, the holder of a certificate could take it to an appropriate bank and redeem it for an amount of silver equal to the bill’s denomination. United States silver certificates are paper money once backed by silver held in U.S.

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