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Silver certificates were a form of paper currency issued between 1878 and 1964 in the United States, representing a claim to a specific amount of silver bullion. While these notes no longer hold the same value in terms of redeeming silver, many have become highly sought after by collectors.
Some $1 silver certificates are worth only slightly more than face value, while others can be worth thousands of dollars depending on their rarity, condition, and series.
Most Valuable and Rare $1 Silver Certificates
1. 1886 $1 Silver Certificate (Martha Washington)
- Value: $225 – $2,850
- Description: Featuring the portrait of Martha Washington, this is one of the earliest $1 silver certificates. Its rich design and historical significance make it highly collectible, especially in uncirculated condition.
2. 1896 $1 Silver Certificate (Educational Series)
- Value: $215 – $2,950
- Description: Known as the “Educational Series,” this certificate is often considered one of the most beautiful U.S. paper currencies. It features allegorical figures representing Science, History, and more, with Martha and George Washington depicted on the back.
3. 1899 $1 Silver Certificate (Black Eagle)
- Value: $100 – $625
- Description: The 1899 series, popularly known as the “Black Eagle” note, features a large eagle with portraits of Lincoln and Grant. It’s one of the most recognizable and popular silver certificates.
4. 1923 $1 Silver Certificate
- Value: $37.50 – $195
- Description: The last of the large-sized silver certificates, the 1923 note is less valuable but remains collectible, especially for those in excellent condition.
5. 1928 $1 Silver Certificate (Funnyback)
- Value: $30 – $90
- Description: Nicknamed “Funnyback” for its unique back design, the 1928 series was the first small-size silver certificate. The rarer series like 1928C, 1928D, and 1928E can command higher prices.
6. 1934 $1 Silver Certificate
- Value: $30 – $100
- Description: This series features a large blue numeral “1” on the left side and is one of the more unique designs among silver certificates.
7. 1935 $1 Silver Certificate
- Value: $2 – $1,400+
- Description: The 1935 series is common, but certain varieties like the 1935A “Hawaii” or “North Africa” emergency notes, as well as Star notes, can be highly valuable.
8. 1957 $1 Silver Certificate
- Value: $1.50 – $17.50
- Description: The 1957 series is among the most commonly encountered silver certificates. These notes are worth more in uncirculated condition but are generally less valuable compared to older series.
9. 1928A $1 Silver Certificate (Replacement Note)
- Value: $40.50 – $3,750
- Description: Replacement notes from this series, especially in uncirculated condition, are highly prized by collectors due to their rarity.
10. 1935A $1 Silver Certificate (Experimental R and S Notes)
- Value: $108 – $20,400
- Description: The experimental “R” and “S” notes were printed on different types of paper during WWII and are extremely rare, making them some of the most valuable $1 silver certificates.
Notable $1 Silver Certificate Values
| Year/Series | Description | Value Range (USD) |
|---|---|---|
| 1886 | Martha Washington | $225 – $2,850 |
| 1896 | Educational Series | $215 – $2,950 |
| 1899 | Black Eagle | $100 – $625 |
| 1923 | Last Large Size Note | $37.50 – $195 |
| 1928 | Funnyback | $30 – $90 |
| 1934 | Unique Blue Number | $30 – $100 |
| 1935 | Various (including Hawaii) | $2 – $1,400+ |
| 1957 | Common Series | $1.50 – $17.50 |
| 1928A | Replacement Note | $40.50 – $3,750 |
| 1935A | Experimental R/S Notes | $108 – $20,400 |
Conclusion
Collecting $1 silver certificates is more than just a pursuit of value; it’s a journey through American history. While some notes may hold modest worth, others, especially those from rare series or with unique features like star notes, can be quite valuable. Whether you’re a seasoned collector or a beginner, understanding the nuances of these notes, including their historical context and condition, is key to maximizing their value.
FAQs
1. What makes a $1 silver certificate valuable?
The value is influenced by the series, condition, rarity, and unique features such as star notes or experimental issues.
2. How can I determine the value of my silver certificate?
Professional grading services like PMG can evaluate the condition and rarity of your note, providing an accurate market value.
3. Are all $1 silver certificates valuable?
No, common series like the 1957 and 1935 notes typically hold low value, but rare series and special features can increase their worth.
4. Where can I sell my $1 silver certificate?
You can sell your note at coin shops, online marketplaces like eBay, or through specialized currency dealers.
5. What is a star note in silver certificates?
A star note is a replacement note issued when an error note was detected and removed during production. These are often rarer and more valuable.
References
- Silver Recyclers
- Coin Value Lookup
- U.S. Coins Guide
- Greysheet
