Yesterday I stopped by my local coin shop and he had this display thing (pic below) for sale and I thought it was really cool so I bought it. It show’s you what the $1 silver certificate would actually get you in physical silver. Sure everyone knows Morgan & Peace Dollars were swapped for silver certificates but I think it’s cool that it shows 1oz of actual silver granules too. So in 1968 you could end up taking your silver certificate to a bank and expect silver dollars but get these instead. I’m not sure why the Mint didn’t just melt the granules into bars and make more silver dollars. Idk I just think it’s cool to have the silver certificate and all it’s possible intrinsic derivatives of silver throughout American history.
Yeah that’s what I first thought too . That’s the main reason I bought it. I was like “Eh well it’s $70 and there’s almost 3 oz of silver coins & granules + a $1 bill so I figured it wouldn’t really cost me anything and it looks cool” so I got it. Plus I won’t lie I wanted to share because I think others will find it cool too.
Edit: Nevermind I misinterpreted the title of your thread. https://en.wikipedia.org/wiki/Silver_certificate_(United_States)
A one-dollar silver certificate would be redeemed for 0.773 troy ounces of silver, the same amount contained in a silver dollar. https://www.coinworld.com/news/prec...e-1960s-received-silver-bullion-granules.html Closer to two ounces, but if you like it, that makes up the difference.
Ah good catch! That’s true for some reason I was thinking of Silver Eagles. So about 2.31 troy oz then. But yeah it’s all about getting stuff you like.
Closer to 1.84 troy oz. total. Adjusting for rising silver values. The reason silver was eliminated from coinage and silver certificate where no longer produced. Makes for a good history lesson and a nice visual display.
How's that again? 3 x 0.773 = 2.319. 0.773 troy ounces is how much fine silver was in a Morgan Dollar, how much was in a Peace Dollar, and how much you got in granules when you redeemed a $1 silver certificate, according to all the sources I've seen.
After 1964 a half dollar contained .1479 troy oz. Times 2 is .2958 troy oz. So its 2 x .7734 plus the .2958
And quarters and dimes contained no silver at all. Neither fact is relevant here, though. https://www.coinworld.com/news/prec...e-1960s-received-silver-bullion-granules.html If one ounce of silver is worth $1.2929, $1.00 is worth 0.773 ounces of silver. And that's how much silver you got for your $1 silver certificate.
Thank you for the link, It was interesting and enlightening. This was good to. https://www.coinworld.com/news/prec...silver-certificates-us-paper-money-notes.html
