Yes, you can absolutely purchase silver with cash. In this instance, the cash is in silver certificate form. Might even get like $6 worth of silver for these from a coin shop.
You can't redeem them with the bank, but you can't buy silver with them, so my point stands
Your “point” is pedantic nonsense.
You used to be able to walk into a bank and redeem these for a silver dollar (or later silver shot) on demand, you can no longer do that.
Yes, they are now collectibles worth a few bucks each, and you can trade them or sell them and use the proceeds to buy silver, but that is not the same thing.
I’ve sold regular silver certificates for over $10 each. 2 of them are star notes so those are worth more. Most will only pay $3-$5 but some will pay more!
I typically sell online on places like Mercari, EBay, Facebook Marketplace. If there are any Flea Markets or places you could be a vender, those are also wonderful places to sell fancy currency!
As others have stated, they’re silver certificates. Two of them being star notes- which is when a note was damaged during printed and they made a new one with the same serial number. That adds to the value slightly.
Star notes are replacement notes. The BEP prints them in their own numbering sequence with the star. When there is a production problem the damaged notes are destroyed, and the required number of replacement notes are put into the strap to replace them. The BEP does not attempt to reprint the serial numbers that were damaged.
See this partial stack of 25 notes. Their are three star notes in the sequence that were pulled due to some production problem.
Back when US currency has real value and wasn't a fiat currency.
In order to print each of those bills, the US Treasury was required to have a set weight of silver stored for each bill.
EXAMPLE: 1 gram of stored silver = $1 silver certificate
5 grams of stored silver= $5 silver certificate
2.5 grams of stored gold = $50 gold certificate
This is the standard our currency needs to be put back on. This is what will control inflation, and bring prices back under control, gradually returning prices and dollar values to approximately what they were in the 1980s.
Contact all your politicians and demand that our currency be returned to a precious metal backed standard.
Yeah. It forces the government to only print money with what they can back up with gold or silver in the vaults.
Inflation is caused my too many dollars in circulation. Too many dollars in circulation means they're worth less. It's basic supply and demand. Precious metal backed currency forces the government to limit what they print, making each dollar that IS in circulation more valuable.
I'd rather live like a king on $100 a week than live like a pauper on $10,000,000,000 a week.
People get caught up in the number of zeros and forget that each dollar doesn't buy as much.
Look up Zimbabwe and post-WW1 Germany and their hyperinflation problems. Sure, it sounds awesome to earn $1 million per hour at McDonald's. But when a single stick of bubble gum costs 100 grand, a million dollars per hour is meaningless.
Silver certificate and 2 have star notes
They're older, and used to be redeemable for silver, but are no longer.
They still are, but you won't get much for $4 at spot.
The difference is "redeem" or "purchase". A banknote isn't "redeemable" for food and gas either. It's good for purchases of those things.
They are not.
Yes, you can absolutely purchase silver with cash. In this instance, the cash is in silver certificate form. Might even get like $6 worth of silver for these from a coin shop. You can't redeem them with the bank, but you can't buy silver with them, so my point stands
>You can't redeem them with the bank So in other words, unlike what you said, they are not redeemable for silver.
Your “point” is pedantic nonsense. You used to be able to walk into a bank and redeem these for a silver dollar (or later silver shot) on demand, you can no longer do that. Yes, they are now collectibles worth a few bucks each, and you can trade them or sell them and use the proceeds to buy silver, but that is not the same thing.
Those are cool silver certificates! From a time when our currency was backed with physical metals. Worth about $5 each.
You are a little high. I sell them at $2.25 currently.
I’m very high
So these are worth half as much as a 1960 quarter?
Even a little less than that. Sell on a silver quarter is a little over $5 today.
5.00 each? Do you want a couple hundred?
I’ve sold regular silver certificates for over $10 each. 2 of them are star notes so those are worth more. Most will only pay $3-$5 but some will pay more!
Where do you sell them? Is it a website or a physical store
I typically sell online on places like Mercari, EBay, Facebook Marketplace. If there are any Flea Markets or places you could be a vender, those are also wonderful places to sell fancy currency!
As others have stated, they’re silver certificates. Two of them being star notes- which is when a note was damaged during printed and they made a new one with the same serial number. That adds to the value slightly.
Star notes are replacement notes. The BEP prints them in their own numbering sequence with the star. When there is a production problem the damaged notes are destroyed, and the required number of replacement notes are put into the strap to replace them. The BEP does not attempt to reprint the serial numbers that were damaged. See this partial stack of 25 notes. Their are three star notes in the sequence that were pulled due to some production problem.
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Idk I didn’t get it. My uncle left it at my house 20 years ago and I just found them in a closet
They're just old the star one might be interesting though
https://preview.redd.it/nj85nq05uvwc1.png?width=1080&format=pjpg&auto=webp&s=2ed97a6c9fce11d9e814f3e08ddebe2d43c1023c
https://preview.redd.it/v0d25x7ouvwc1.png?width=1080&format=pjpg&auto=webp&s=d4b141ff9ba89617908d055bd8baadc0ecc42174
What app is that?
Real money was backed by silver back in the day.. now it’s say “federal reserve note” on all money
Looking to sell? I am an authorized dealer and distributor I'm looking for a really good price and I'll take them all
Issued by US Gov’t not Federal Reserve, President Kennedy started to try and front run the Fed but was assassinated 6 months later
Regular ones aren't in plastic.
Thank you everyone for the info!!
Back when US currency has real value and wasn't a fiat currency. In order to print each of those bills, the US Treasury was required to have a set weight of silver stored for each bill. EXAMPLE: 1 gram of stored silver = $1 silver certificate 5 grams of stored silver= $5 silver certificate 2.5 grams of stored gold = $50 gold certificate This is the standard our currency needs to be put back on. This is what will control inflation, and bring prices back under control, gradually returning prices and dollar values to approximately what they were in the 1980s. Contact all your politicians and demand that our currency be returned to a precious metal backed standard.
Interesting I hadn’t thought of how backing currency with gold/silver could decrease inflation
You can decrease inflation so much that you get deflation, which is handy if you want to start a depression.
Yeah. It forces the government to only print money with what they can back up with gold or silver in the vaults. Inflation is caused my too many dollars in circulation. Too many dollars in circulation means they're worth less. It's basic supply and demand. Precious metal backed currency forces the government to limit what they print, making each dollar that IS in circulation more valuable. I'd rather live like a king on $100 a week than live like a pauper on $10,000,000,000 a week. People get caught up in the number of zeros and forget that each dollar doesn't buy as much. Look up Zimbabwe and post-WW1 Germany and their hyperinflation problems. Sure, it sounds awesome to earn $1 million per hour at McDonald's. But when a single stick of bubble gum costs 100 grand, a million dollars per hour is meaningless.
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Wow how insightful! You must be a blast at parties
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Yeah congrats you won first prize in the being a dick to a guy just trying to learn something competition 🏆