SILVER CERTIFICATES
by Art Arbutine
These are generic esomeprazole tablets the U.S. banknotes that have a promise to pay silver to generic esomeprazole tablets the bearer on demand. For many years the generic esomeprazole tablets Treasury Department had the silver price pegged at $1.29 per ounce. The Treasury Department would buy & sell based at $1.29. In 1963 the generic esomeprazole tablets world silver price started to rise and everyone was buying. No one was selling. The government quit selling and let the silver price float.
To honor the generic esomeprazole tablets promise to pay to the bearer, the Government announced that they would exchange silver certificates, based on the generic esomeprazole tablets old silver price of $1.29, for actual silver until 21 Aug, 1968. That meant that a person could take $129 in silver certificates and generic esomeprazole tablets turn them in for a silver treasury bar weighing 100 ounces. Few private citizens wanted the actual silver. Many took their silver certificates to generic esomeprazole tablets their local coin dealers and got anywhere from $1.10 to $1.80 per dollar, depending on the world silver price. This price varied through the years that the conversion was possible.
On 22 August, 1968 the conversion to silver ended. The notes became essentially worthless except for face value. Since then generic esomeprazole tablets the one dollar silver certificates have gained a small collector’s value. Dealers are currently paying about $1.25 for circulated and about $2.00 for crisp, uncirculated notes. Dollar silver certificates series 1928, 1934, Yellow seals and generic esomeprazole tablets Hawaii overprints are all worth $5 or more. There are generic esomeprazole tablets still some misguided souls out there buying circulated silver certificates in the generic esomeprazole tablets hope that someday the government will exchange the paper for silver. It won’t happen.
Updated 09/25/2006 by Art Arbutine
