What are Silver Certificates? You won't find silver certificates printed today.
For a period during the United States history, the precious metal mining industry was booming.
Out of response to angry citizens demanding that the value of silver be recognized in the wake of the nation's new gold standard, the government issued millions of certificates that could be redeemed for an equal value at the time.
Perceived mostly as an economic safety net by most people, silver certificates were purchased in vast quantities throughout the early 20th century.
Although they have little face value today, these certificates have become a form of collectible old money.
One popular piece was the 1923 $5 silver certificate.
When it comes to rare currency, these certificates fare more on the common side, but that does not mean they are not valuable.
If you are a currency dealer or collector, you should definitely keep an eye out for some specific pieces.
How to tell if you have a 1923 $5 Silver Certificate Over the years, collectors have given antique currency unique nicknames.
In regards to the 1923 $5 silver certificates, the name itself serves a functional purpose.
To the untrained eye, these certificates may seem to be an ordinary $5 bill, as they share the portrait of President Lincoln.
However, the image is what you will want to inspect.
These certificates are often called "portholes" because it looks as if Lincoln is being viewed from the porthole of a ship in the picture.
In addition, the 1923 types were the last ones to be printed on larger paper.
Another similarity they share with standard issue $5 bills is that they also contain the common blue seal.
All $5 silver certificated printed in 1923 will have the Speelman and White signature combination, and they will also contain a serial number that starts with the letter A and ends with the letter B.
This information will prove to be invaluable for identification purposes.
Assessing the value of these certificates will mostly take into account the physical condition of the piece.
How much are they worth? When it comes to old paper money, the thing most buyers (especially newcomers to the trade) want to know is the value of the piece in their possession.
Given that 1923 $5 silver certificates were printed in large quantities, they are not considered rare pieces today.
Collectors assess their value on a rating scale based upon the physical condition of the bill.
The scale ranges from 1-70, with the higher number representing a pristine piece.
To give you an understanding of the value of these certificates, those rated 65 and higher can sell for up to $4,000.
Prices will vary considerably and most certificates will not be qualified as mint condition, but it does make these certificates an intriguing item in regards to old money.
For a period during the United States history, the precious metal mining industry was booming.
Out of response to angry citizens demanding that the value of silver be recognized in the wake of the nation's new gold standard, the government issued millions of certificates that could be redeemed for an equal value at the time.
Perceived mostly as an economic safety net by most people, silver certificates were purchased in vast quantities throughout the early 20th century.
Although they have little face value today, these certificates have become a form of collectible old money.
One popular piece was the 1923 $5 silver certificate.
When it comes to rare currency, these certificates fare more on the common side, but that does not mean they are not valuable.
If you are a currency dealer or collector, you should definitely keep an eye out for some specific pieces.
How to tell if you have a 1923 $5 Silver Certificate Over the years, collectors have given antique currency unique nicknames.
In regards to the 1923 $5 silver certificates, the name itself serves a functional purpose.
To the untrained eye, these certificates may seem to be an ordinary $5 bill, as they share the portrait of President Lincoln.
However, the image is what you will want to inspect.
These certificates are often called "portholes" because it looks as if Lincoln is being viewed from the porthole of a ship in the picture.
In addition, the 1923 types were the last ones to be printed on larger paper.
Another similarity they share with standard issue $5 bills is that they also contain the common blue seal.
All $5 silver certificated printed in 1923 will have the Speelman and White signature combination, and they will also contain a serial number that starts with the letter A and ends with the letter B.
This information will prove to be invaluable for identification purposes.
Assessing the value of these certificates will mostly take into account the physical condition of the piece.
How much are they worth? When it comes to old paper money, the thing most buyers (especially newcomers to the trade) want to know is the value of the piece in their possession.
Given that 1923 $5 silver certificates were printed in large quantities, they are not considered rare pieces today.
Collectors assess their value on a rating scale based upon the physical condition of the bill.
The scale ranges from 1-70, with the higher number representing a pristine piece.
To give you an understanding of the value of these certificates, those rated 65 and higher can sell for up to $4,000.
Prices will vary considerably and most certificates will not be qualified as mint condition, but it does make these certificates an intriguing item in regards to old money.
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