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US 1 dollar note
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Topic: US 1 dollar note (Read 553 times)
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EgCollector
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Knight Argent
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US 1 dollar note
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on:
March 11, 2008, 05:44:05 AM »
Since i am not into note collecting, i need more info on this note please.
Thanks
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Amr
Knight #107
scottishmoney
Only Gold Truly Glitters
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Re: US 1 dollar note
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Reply #1 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.
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EgCollector
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Re: US 1 dollar note
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Reply #2 on:
March 11, 2008, 07:09:17 AM »
Thanks for the info Scottishmoney
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Amr
Knight #107
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