Silver Certificates

Silver certificates issued between 1878 and 1963 and were redeemable at face value in silver dollars or, at certain times, silver bullion. They were issued by the Treasury Department and featured a distinctive silver seal. The certificates were denominated in dollars and cents, and their value was tied to the value of silver at the time. Silver certificates were discontinued in 1963, when the government stopped making the silver reserve requirement for paper currency.