1957 silver certificate

1957 silver certificate DEFAULT

Product Description

A Series of 1957 A $1 Small Size Silver Certificate Star Note Fr#1620* (*A Block) Smith/Dillon signatures graded Gem Uncirculated 65 Exceptional Paper Quality (EPQ) by PMG. This note displays an excellent white paper color, blue seal and serial numbers and uneven margins. The total number of bills printed for this series: 94,720,000. Please view our photos for additional information and ask any questions prior to purchase.

Silver certificates were a form of paper currency produced from 1878 - 1964 and were issued as a type of representative money. Initially made in response to the Fourth Coinage Act which placed the United States under the gold standard, the bills were meant to be redeemed for their face value in silver coin and later from June 1967 - June 1968 in raw silver bullion.

Additional Info

ConditionGem Uncirculated
Grade DesignationGem Uncirculated 65 EPQ
Mint / BrandUnited States
Aggregate Precious Metal Weight in oz0.0000
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What Is a Silver Certificate Dollar Bill Worth Today?

What Is a Silver Certificate Dollar Bill Worth Today?

A silver certificate dollar bill represents a unique time in American history. It was a type of legal tender that was issued by the federal government in the late 1800s. As the name suggests, the holder of a certificate could redeem it for a certain amount of silver. One certificate allowed investors to hold silver without having to buy the precious metal itself.

These certificates no longer carry monetary value as an exchange for silver, yet collectors still seek out these prints. Their history dates to the 1860s, when the United States rapidly developed into one of the top producers of silver in the world. This ushered in a new monetary structure in the U.S., of which the silver certificate is a unique historical artifact. In this article, we look at the history of this form of currency and how much they're worth today.

Key Takeaways

  • A silver certificate dollar bill was legal tender issued by the United States government.
  • When they were first issued, certificate holders could redeem them for a certain amount of silver.
  • Certificates no longer carry monetary value as an exchange for silver.
  • Although collectors still seek out many of the uncommon prints, many certificates are only worth their face value.

Understanding Silver Certificate Dollar Bills

It was for this reason that provisions in the Coinage Act of 1873 went little noticed. The act ended free coinage for silver, effectively ending bimetallism and placing the United States on the gold standard. Though silver coins could still be used as legal tender, few were in circulation.

The U.S. government began issuing certificates in 1878 under the Bland-Allison Act. Under the act, people could deposit silver coins at the U.S. Treasury in exchange for certificates, which were easier to carry. This representative money could also be redeemed for silver equal to the certificate’s face value. In the past, other countries like China, Colombia, Costa Rica, Ethiopia, Morocco, Panama, and the Netherlands have issued silver certificates.

Congress adopted a bimetallic standard of money in 1792, making gold and silver the mediums of exchange. Under a free coinage policy, raw gold or silver could be taken to the U.S. mint and converted into coins. However, few silver coins were minted between 1793 and 1873, as the raw silver required to make a coin was worth more than their gold dollar and greenback counterparts.

A year later, Section 3568 of the Revised Statutes further diminished silver's status by prohibiting the use of silver coins as legal tender for amounts exceeding five dollars.

Old Silver Dollar Certificates

Silver's importance became apparent with the development of the Comstock lode and other deposits. This happened as Congress looked for ways to grow the monetary base. The U.S. went from producing 1% of the world's silver to nearly 20% by the 1860s and 40% by the 1870s.

The Bland-Allison Act reintroduced free coinage for silver. It also required the government to purchase and coin into dollars between $2 million and $4 million worth of silver each month, though not more than $2 million per month was ever purchased.

Although the certificates no longer can be exchanged for silver coins, the historical significance in the printings resides in the economic impact the certificates held, as well as the certificate’s short-term status as valid legal tender.


In 1963, the House of Representatives passed PL88-36, repealing the Silver Purchase Act and instructing on the retirement of $1 silver certificates. The act was predicated by a prospective shortage of silver bullion.

Certificate holders could exchange the print for silver dollar coins for approximately 10 months. In March 1964, Secretary of the Treasury C. Douglas Dillon stopped the issuance of coins, and for the next four years, certificates were redeemable for silver granules. The redemption period for silver certificates ended in June 1968.

Silver Certificate Denominations

Silver certificates are often referred to as large and small certificates. Certificates issued from 1878 to 1923 were larger in size, often measuring more than seven inches long and three inches wide. The value of large-sized silver certificates issued through 1923 ranged between $1 and $1,000. The designs varied and depicted former presidents, first ladies, vice presidents, founding fathers, and other notable figures.

The U.S. banknotes were redesigned in 1928, and, until the ceased issuance in 1964, the silver certificates issued measured the same size as modern-day U.S. currency—6.4 inches long and 2.6 inches wide. All small-sized silver certificates depict the portraits of George Washington, Abraham Lincoln, or Alexander Hamilton. In general, the value of a silver certificate is not directly correlated to its size or denomination.

A silver certificate's value is not directly correlated to its size or denomination

Silver Certificate Value Today

The value of a silver dollar certificate is contingent on the condition and year issued. Although it is no longer possible to redeem a silver dollar certificate for silver, certificates are still technically legal tender. This means they can be exchanged for a Federal Reserve note.

Still, the actual value of a silver certificate is in its collectability. The certificates have become a collectors' item, and collectors of the certificates pay greater-than-face value, depending on the rarity of the print.

Features Adding Value

The value of each silver certificate is based on numerous variables. One of the largest determinants of the value of the bill is the grading of the certificate. Most silver certificates receive a grade on the Sheldon numerical scale, ranging from one to 70, where 70 represents a certificate in perfect mint condition.

The numerical grade corresponds with an adjectival letter that indicates the condition is one of the following: good, very good, fine, very fine, extremely fine, almost uncirculated, or crisp uncirculated.

In addition to the grade, there are various features found on certain silver certificates that increase their worth to a collector. In general, a silver certificate with a star in the serial number or error on the face of the bill is worth more than a silver certificate of the same year, grade, and denomination without these features.

Star notes from 1957 are common and some collectors won't buy them. The errors may include folding, cutting, or inking mistakes. In addition, unique and interesting serial numbers are more valuable to investors. For example, a serial number with each digit as the numeral two holds more value than a random combination of numbers.

Valuation of Silver Dollar Certificates

The most common silver certificates were issued between 1935 and 1957. Their design is nearly identical to a standard U.S. dollar bill featuring George Washington. The key difference is the text below Washington’s portrait, which states the tender is valued at one dollar in silver payable to the bearer on demand. These certificates fetch slightly more than face value, though uncirculated notes typically sell for $2 to $4.

In 1896, the silver dollar certificate carried a unique design that is known as the educational series. The face of the certificate depicts a woman instructing a young boy. The asking price for a Series 1896 $1 Silver Certificate Educational note is more than $500 for a print in good condition, while a "very choice uncirculated note 64" commands more than $4,000. 

The 1899 print is another popular certificate among collectors. The note is often referred to as the Black Eagle because of the large eagle on its face. Presidents Abraham Lincoln and Ulysses Grantelow are found below the eagle. The asking price for an 1899 Black Eagle $1 Silver Banknote Certificate in very good condition is just under $200, while a note in "gem uncirculated premium" condition fetches as much as $950. 

In 1928, the treasury issued six different silver certificates, and around 640 million notes went into circulation. The 1928, 1928A, and 1928B versions are common. The 1928C, 1928D, and 1928E versions are rare, with notes in very fine condition fetching between $125 and $600. Certificates from 1928 with a star symbol in the serial number are extremely valuable, commanding between $4,000 and $17,500.

Alternatively, the 1934 silver certificate is considered common, even though it is the only year to have a blue “one” printed on its face. A 1934 certificate in very fine condition is worth around $30.

Silver Investing Options

Investors interested in an ownership share in silver should purchase the metal elsewhere. Silver certificates no longer represent an ownership stake in the commodity, and their value is mainly derived as collectors' items. However, there are numerous alternatives for investors wanting to own silver. First, an investor can purchase the physical product through silver coins, bullion, jewelry, or silverware. Alternatively, an investor can purchase an exchange-traded fund (ETF) backed by physical silver stored in a secure location. In some situations, investors may redeem the ETF for physical silver bullion.

In addition, a speculator can invest in numerous mining or precious metal streaming companies. For example:

  • Wheaton Precious Metals (WPM) operates on a "streaming" model, whereby it purchases silver mined by other companies that is produced as a by-product of their main business, such as copper or gold mining.
  • Silvercorp Metals (SVM) is a Canadian miner with three active sites in China.
  • First Majestic Silver Corp (AG) owns six producing silver mines in Mexico.
  • Hecla Mining Company (HL) owns silver mines in Alaska, Idaho, and Mexico.
  • SSR Mining (SSRM) operates a silver mine in Argentina.

Although owning stock in these companies does not result in silver ownership, the financial success of these companies is directly tied to the price of the precious metal.

Silver Certificate Dollar Bill FAQs

What is the rarest silver certificate?

The rarest silver certificate dollar bills are the 1928C, 1928D, and 1928E versions. Any notes that fall into these categories can fetch anywhere between $125 and $600 as long as they're in fine condition.

How much is a $1 silver certificate worth?

That depends on the type of $1 silver certificate. For instance, a Series 1896 $1 Silver Certificate Educational note in good condition is worth more than $500 while a $1 Black Eagle Silver Banknote Certificate in the same condition can fetch just under $200.

What does Silver Certificate mean on a dollar bill?

The term Silver Certificate represents legal tender in the form of paper currency. The certificate was once redeemable for silver, but can now be exchanged for its face value. In many cases, though, collectors will purchase them for much more.

Is a 1957 silver certificate dollar worth anything?

Most collectors won't buy them notes because star notes from 1957 are common.

How much is a 1935 $1 silver certificate worth?

The 1935 $1 silver certificate is worth $1.

The Bottom Line

In the past, silver certificate dollar bills gave investors a way to hold the precious metal without actually having to buy it. But the U.S. government stopped printing these notes, diminish their importance and overall value. Although collectors will pay top dollar for some of these certificates, don't get too excited if you find one in your billfold. Most will only get you the face value of the bill itself.

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Silver certificate 1957

The 1957 one dollar silver certificate is common so it's not worth much money. Billions of them were printed and you can even find some in circulation today. They have a similiar look to the 1935 one dollar silver certificate bills. There is nothing really noteworthy or special about these blue seal notes, and they resemble the modern one dollar bills.

There are three different series: 1957, 1957A, and 1957B. Each series is equally common as there are no rare varieties.

1957 One Dollar Silver Certificate


Denomination:$1.00 U.S. Dollar
Series:Three: 1957, 1957A, 1957B
Type:Silver Certificate
Portrait:George Washington
Seal Color:Blue


As mentioned, these bills aren't worth much. The 1957 $1 silver certificates are worth around $3.75 in very fine condition. In uncirculated condition the price is around $12-12.50 for bills with an MS 63 grade.

Star Notes

Star notes are replacement bills that the United States Federal Reserve printed. These star notes are more rare and thus more valuable. You can tell if you have a star note by looking to see if there is a star symbol at the beginning of the serial number.

The 1957 $1 silver certificate star notes are worth around $4.50 in very fine condition. In uncirculated condition the price is around $17-17.50 for notes with an MS 63 grade.

Click here to search for 1957 silver certificates on Amazon.

Grading System

Very fine- A note that has been in circulation but not for a long time. The note is still relatively crisp. There may be some creases, folds, or light smudges.

MS 63 choice uncirculated- A note that shows no signs of ever having been in circulation. The note still has its original crispness. The note is also well-centered.

History of One Dollar Silver Certificates

One dollar silver certificates were printed from 1886 to 1957. The US government issued silver certificates as a response to criticism of the Fourth Coinage Act, which placed the US on the gold standard. There were many different one-dollar series issued. There are different sizes and some are more rare than others. The older, large-note series are generally much more valuable. Click here to learn more about each of the different series.

Silver certificates were redeemable for real silver back in the day. Today you can no longer redeem them for silver but they are still legal tender so you can spend them for their face value. However most bills in lightly circulated condition will be worth more as collectible items.


This isn't the most valuable bill, but it's an intersting bill that is a part of America's history. If you have one in uncirculated conditon then it will be worth much more than its face value.



A Guide Book of United States Paper Money

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Silver Certificates – Values, Information, & Sales

Large size silver certificates were first printed in 1878.  Any note from 1878 or 1880 should considered to be scarce.  The next line of silver certificates were issued in 1886.  These are available, but you still don’t see them especially frequently.

1891, 1896, and 1899 silver certificates were printed in large numbers.  For the most part, 1891 notes look similar to earlier issues.  However, the 1896 and 1899 types are distinctive.  The 1896 series is famously known as the educational series.  The 1899 line of silver certificates present opportunities to own a black eagle, mini-porthole, or a chief.

Oddly enough, the 20th century saw the issuance of large size silver certificates in just two years, 1908 and 1923.  The 1908 example is a fairly tough $10 note.  One and five dollar bills were printed for 1923.  The $1 bill is exceptionally common and worth around $15 on average.  The $5 bill from 1923 is fairly tough, and usually worth at least a few hundred dollars.
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