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Silver Certificates

Silver Certificates came in to being in 1878. They were simply intended to be a surrogate for silver coin. The original notes bore countersignatures assuring the holder that officers within the US Treasury were holding on to silver coins, for which these Certificates could be redeemed.

During the latter part of the 19^th century, silver was a fairly controversial issue. Money, pretty much meaning gold, was in tight supply, and many people (particularly those who owned silver mines) felt that silver would be a good substitute. For the most part, neither the US Government, nor any other government was really too hot on the idea.

In 1964, the government quit redeeming silver certificates in silver dollars. In 1968, they quit redeeming them for silver bullion. Any silver certificates still in circulation are still good for face value. Hey, at least they didn't outlaw them.

In large size, they were issued in most denominations; in small size, they were issued in $1, $5 and $10 denominations.

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