How to Redeem a Silver Certificate

Silver certificates are old pieces of paper currency that use to allow the bearer to trade them in for silver dollars or silver bullion. However, after realizing there were so many in circulation the U.S. treasury felt there was no way to make a fair and even trade of the highly valued silver remaining in the U.S. Treasury departments vaults. So the exchange of the silver certificate for the silver dollar was stopped on June 24, 1968. Depending on the age and condition of your silver certificate, you may be able to sell them to a collector or dealer and still make a profit.

Things You'll Need

• Silver certificates

Instructions

1. Keep your silver certificate protected and in good condition. The older they are and the better condition they are in, the more likely it is that you will get a better price for them.

2. 

   Look in your local phone book

   Look in your local phone book for coin dealers and collectors in your local area and make contact with them by telephone to see if they are interested in purchasing the silver certificates.

3. Put an ad in your local newspaper to list your silver certificates for sale.

4. 

   Visit coin collector shows and take the silver certificates with you to try to sell them. You will find many different currency dealers at these shows. If one dealer is not interested, there may be another one who is.

Tips & Warnings

• Silver certificates still hold their face value and may be used just like current currency. If you are unable to sell your silver certificates, you can still spend them at their face value.

References

• U.S. Treasury Department