How to Sell a Silver Certificate


Silver certificates are the type of bills that used to be in circulation in the United States before the Federal Reserve notes of today were introduced in 1963. A silver certificate looks similar to modern-day U.S. currency, but has a note on it indicating that the bill could be exchanged for silver. The U.S. Treasury stopped redeeming these bills for silver in 1968, at which point they became more of a collector's item. Although silver certificates are typically not worth much more than face value, there are places that you can sell them.

  • Determine which bill you have. Silver certificates were issued in different years and styles, and getting the correct value for your bill depends on all of these details. Look at the bill and find the year, face value and any other distinguishing characteristics, such as if a star follows the serial number. Locating all of the relevant features can help you determine what exactly you own, which can help protect you if a dealer tries to take advantage of you by assuming you know nothing about your certificate.

  • Call local coin and currency dealers. Most coin shops also deal in paper bills, such as silver certificates. Tell them what silver certificate you own, its approximate condition, and ask if they are interested. Many will invite you down to see what you have in person.

  • Get various quotes for your certificate. No matter how reputable the shop, the first quote you receive may not be your best quote. Gather bids from various dealers and compare them to find the best offer you can.

  • List your certificate at online sale sites. You can offer your silver certificate for sale at online auction sites, where bidders who understand the market compete to buy your certificate. You can usually set a floor price beneath which you will not accept a bid.

  • Accept the highest bid. After shopping your silver certificate at every available venue, take the highest price you are offered.


Promoted By Zergnet



You May Also Like

  • What Is a Tax Certificate Sale?

    A tax certificate sale is also referred to as a tax lien sale. A tax certificate sale occurs when a property owner...

  • Where to Sell Silver Flatware

    Silver flatware is no longer a staple of bridal wishlists. Inheriting a set of sterling silver flatware can seem like more of...

  • How to Obtain a Business License in Texas

    As an entrepreneur, there are a number of steps you will need to take in order to get your business up and...

  • How to Sell Silver

    Do you have silver you want to sell? If you do this article can help you sell your silver. Silver may not...

  • The Best Place to Sell Silver Coins

    Silver coins are popular investments among coin collectors and speculators. Investors buy them to hedge against inflation, and their investments paid off...

Related Searches

Is DIY in your DNA? Become part of our maker community.
Submit Your Work!