1957A $1 Silver Certificate #M69310880A

Description: · 1 Federal Reserve Note· 1957A $1 Silver Certificate · Smith-Dillon· Blue Seal· Serial numbers: M69310880A · Mailed in paper money sleeve The Story Behind Silver Certificates - Originally issued for the redemption of silver on demand, Silver Certificates were originally authorized by two Acts of Congress in 1878 and 1886 and in denominations ranging from $1 to $1,000. The notes underwent a series of changes over the years, including designs, physical sizes, and legal tender obligations (as declared on the obverse of the notes). The obligation on the Series 1957 $1 Silver Certificate 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.” When these notes were originally issued, someone with these notes could have walked into a typical bank and would expect to receive silver coins amounting to the face value of the Silver Certificates surrendered in that transaction. So, in the late 1950s or early 1960s, that may have meant trading in a Series 1957 $1 Silver Certificate for a Morgan Dollar or Peace Dollar, large silver coins that were still readily available for face value during that time. However, around 1963 the price of silver increased to the point that 90% silver Dimes, Quarters, Half Dollars, and Dollars were suddenly worth more for their intrinsic bullion value than for their face value. This led many people to begin hoarding silver coins, removing them from circulation in massive numbers and resulting in a nationwide coin shortage. The United States government acted quickly in response to the rapidly changing situation. On June 4, 1963, Congress abolished the production of Silver Certificates. Five years later, on June 24, 1968, an Act of Congress stopped any further redemption of Silver Certificates for silver bullion. Silver Certificates were eventually replaced with Federal Reserve Notes, which remain in use today. However, Silver Certificates still retain legal tender status for obtaining Federal Reserve Notes of the equivalent value. Bid With Confidence ~The photos are taken of actual item from many angles to help show all detail. Please contact me and Ill gladly supply more photos of a specific area. ~ Before proudly posting an item, I verify all items are 100% authentic & of the quality that is stated. ~ You will find me to be straightforward and honest about the quality, conditions, type of metals, stones, and materials that I list for sale. Items come from a non-smoking and pet-free home. I strive and have built a “Top Seller” status by providing convenient, comfortable, happy transactions that result in repeat business. Payment ~Payment must be received within 7 days of auction ending or Ebay will automatically open an Unpaid Item Case against you. ~ Confidently know that you are covered by the eBay MoneyBack Guarantee. This is illustrated in my positive feedback. I will not accept returns after 5 days of receiving the item. Item must be in the same condition as shown in Ebay post with you responsible for shipping cost to me. Shipping & Handling ~Generally, items are shipped within 1-3 days of payment receipt (except weekends) using USPS Ground Advantage shipping with insurance for higher priced items. ~I generate my shipping labels from Ebay so you will receive an automatic email from Ebay with your tracking #information. ~If you prefer other shipping methods, UPS or FEDEX, please contact me before finalizing your bid so I may calculate the cost for you . ~Items will only be shipped to confirmed accounts address and follow the USPS “Adult Signature Restricted Delivery” guidelines. ~ Currency sold for under $20 will be mailed for $1.23 in a plastic money sleeve between cardboard in a #10 flat envelope. This method could take 2-6 weeks in route. *For a faster option, Please contact me to change the postage to $4.65 for Ground Advantage fee so you receive within 3-5 business days Currency sold for over $20 will only be mailed using Ground Advantage at $4.65 in a plastic money protector then two cardboard pieces in a plastic mailer. Feedback Aloha! In Hawaii raising my family! I started my Ebay account in 2013 and now shop and sell on here regularly. I am honest in my post about the conditions of items and want to keep this account a positive experience for me as well as you! I will always make time to leave positive feedback for my buyers and I love receiving satisfied feedback as well. Thank you for viewing and I send you positive energy!

Price: 4.35 USD

Location: Honolulu, Hawaii

End Time: 2024-11-06T03:28:52.000Z

Shipping Cost: 1.26 USD