KOTCT Members Forum

Worldwide Coins & Bank Notes => U.S. Bank Notes => Topic started by: EgCollector on March 11, 2008, 05:44:05 AM

Welcome to a stroll down memory lane... Looks a lot different, HUH?

Title: US 1 dollar note
Post by: EgCollector on March 11, 2008, 05:44:05 AM
Since i am not into note collecting, i need more info on this note please.

Thanks


(http://www.coincommunity.org/gallery/albums/userpics/10385/US1.JPG)

(http://www.coincommunity.org/gallery/albums/userpics/10385/US2.JPG)



Title: Re: US 1 dollar note
Post by: scottishmoney on March 11, 2008, 06:56:28 AM
Back in the old days, ie before 1968-69 the US $1 bill was redeemable for either a silver dollar or later on silver granules.  All US $1 bills issued between 1933-1963 were these silver certificates, beginning in 1963 the government started issuing Federal Reserve Notes which we still have today.  The silver certificates were issued until ca. 1964-5 with the 1957 date.  The value of this note in this grade, ie VF would be about $2.50-$3.00 or so.  Unfortunately they are not redeemable for silver anymore, since the government defaulted on them like it did with the Gold Certificates in 1933.


Title: Re: US 1 dollar note
Post by: EgCollector on March 11, 2008, 07:09:17 AM
Thanks for the info Scottishmoney  :)