1957 $1 Silver Certificate
Lot 206
- Listing Type:
- This item is For Sale - Buy It Now
- Quantity:
- 0 available for sale - Sale Over
- Buy It Now For:
- $11.00
- Shipping:
- Free Shipping USPS Ground Advantage (2 to 5 business days) - (more details)
- Returns:
- Returns are not Accepted - (more details)
- Certified by:
- Raw / Unspecified
- Visitor Count:
- 57 views
- Payment Methods Accepted:
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Item Description
4 - 1957 Silver Certificiates
Originally issued for the redemption of silver on demand, Silver Certificates were originally authorized by two Acts of Congress in 1878 and 1886 and in denominations ranging from $1 to $1,000. The notes underwent a series of changes over the years, including designs, physical sizes, and legal tender obligations (as declared on the obverse of the notes).
The obligation on the Series 1957 $1 Silver Certificate states, "This certifies that there is on deposit in the Treasury of the United States of America [one dollar] in silver payable to the bearer on demand"¦ This certificate is legal tender for all debts public and private."
When these notes were originally issued, someone with these notes could have walked into a typical bank and would expect to receive silver coins amounting to the face value of the Silver Certificates surrendered in that transaction. So, in the late 1950s or early 1960s, that may have meant trading in a Series 1957 $1 Silver Certificate for a Morgan Dollar or Peace Dollar, large silver coins that were still readily available for face value during that time.
Payment and Shipping Details
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- United States Shipping services available:
| Shipping / Handling Cost | Service |
|---|---|
| $0.00 - Free Shipping | USPS Ground Advantage (2 to 5 business days) |
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Return Policy:
Returns are not Accepted
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