Silver Certificate Dollar Bill 1957: Everything You Need To Know About It!
by Abdul Aziz Mondal Money Published on: 29 December 2022 Last Updated on: 03 January 2023
What is the silver certificate dollar bill 1957? Are you searching for this? If yes, then you have reached the end of your search.
There are a number of legal tenders that come in the form of a paper currency. And one of these is the 1957 silver certificate dollar bill. So if you are someone who is looking for the information related to this, then this article is just the one you need.
Keep on reading this blog till the end to learn more…
But First, What Is A Silver Certificate?
Before talking about the silver certificate dollar bill 1957, it is important that you get to know a little about what a silver certificate is in the first place. So here I go!
A silver certificate is a kind of a legal tender that comes in the form of a paper currency. These tenders started to get issued by the government of the United States in the year 1878. These certificates were created in order to help the investors to get hold of silver without possessing a physical item.
Considering the fact that the residents of the country generally accumulated wealth in the form of the gold or silver bullion, they used to exchange these bullions with coins through legal tenders. However, it all stopped with the abolishment of this right to change silver bullion into silver coins through the introduction of the Coinage Act of 1873.
This gave rise to the production of the silver certificates. The value of these certificates depended on a lot of things. Some of them are the composition of the certificate as well as the rarity of the same.
While the government stopped issuing these tenders or Silver Certificates in the 1960s, these certificates were now redeemed in cash for their nominal value. However, they still are considered to be of great value among the history buffs and collectors.
Now that you know about the silver certificates, it is time for you to learn about the silver certificate dollar bill 1957. So, keep reading till the end…
Silver Certificate Dollar Bill 1957: What Is It?
As I have already mentioned before, the issue of the Silver Certificates was made for the redemption of the demand for silver. They were created in value that ranged from one dollar to a thousand dollars. However, there were a number of changes that this series of silver certificates had to go through. And the major change took place in the year 1957.
The obligation that was published on the Silver Certificates Series of 1957 states
“This certifies that there is on deposit in the Treasury of the United States of America [one dollar] in silver payable to the bearer on demand… This certificate is legal tender for all debts public and private.”
Why was this down? Well, the answer is simple. When these certificates or notes were created, anyone could enter a bank and ask for silver coins in exchange for the certificate. They would ask for silver coins that amounted to the face value of the certificates. And this was something that the government of the United States wanted to stop.
In the year of 1963, the then-president of the United States, John F. Kennedy, passed an order which stopped the production of the one dollar silver certificates. This was because the government was expecting a shortage in the number of silver bullion. The passing of this bill in 1963 means that the silver certificate dollar bill 1957 was the last batch of silver certificates to be produced.
But the reason behind the popularity of the silver certificate dollar bill in 1957 is not that it was the last batch of silver certificates to be produced. Instead, there is yet another importance associated with it. These notes are also significant for being the first currencies to feature the motto “In God We Trust.”
1957 Silver Certificate Dollar Bill Value Today
Want to know what is the value of the silver certificate dollar bill 1957 today? Well, I have you covered.
They are not the rarest of the silver dollar certificate. And it is because more than 5.3 billion-silver certificates were issued or printed in the year 1957. So, if you were cleaning the room of your grandfather and came across these valuables, it is only understandable that you would want to know about the value and what you can get in exchange for these.
Here are some of the silver dollar certificates and their present day value that you might want to know:
- 1957 Priest-Anderson $1 Series – PCGS XF40 ($5); PCGS Choice UNC PPQ63 ($18)
- 1957-B Granahan-Dillon $1 Star Note Series – PCGS XF40 ($10); PCGS Choice UNC PPQ63 ($24)
- 1957-A Smith-Dillon $1 Series – PCGS XF40 ($5); PCGS Choice UNC PPQ63 ($12)
- 1957 Priest-Anderson $1 Star Note Series – PCGS XF40 ($12); PCGS Choice UNC PPQ63 ($20)
Factors affecting the value of silver certificate dollar bill 1957
Considering the fact that there are a number of reasons associated with the silver certificates of 1957, it is no wonder that people are still searching for the value of these currencies at present.
The value of the silver certificate dollar bill of 1957 depends on a lot of things. But the most important of them all is the grading of the certificate. On the Sheldon numerical scale, most of the silver certificates get a grade ranging from one to seventy. On this scale, grade 70 represents the perfect mint condition.
These graded conditions can be “good, very good, fine, very fine, extremely fine, almost uncirculated, or crisp uncirculated.”
There is yet another feature that dictates the value of the silver certificate. And this is the star. If the silver certificate has a star on its serial number, then it is of more value than another silver bill of the same grade and year.
Wrapping It Up!
In case you wanted to know about the silver certificate dollar bill 1957 and everything related to it, I hope that this blog has been able to provide you with the information that you needed to know. If there is any other query related to the same, feel free to comment on the box at the bottom of the page.
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