Silver Certificates - Small

The Greysheet Catalog (GSID) of the Silver Certificates - Small series of Small Size Notes in the U.S. Currency contains 2 distinct entries with CPG® values between $2.20 and $180.00.

Small-size silver certificates were printed in denominations of $1, $5, and $10 and were originally issued under the Series of 1928. The bills were officially made obsolete upon their abolishment on June 4, 1963. However, that has not stopped many folks from spending heavily circulated examples (or "rags") at their face value even today.

Silver certificates were issued with the obligation, "This certifies that there is on deposit in the Treasury of the United States dollars in silver payable to the bearer on demand. This certificate is a legal tender for all debts public and private." On June 24, 1968, a congressional act ended the practice of redeeming silver certificates with silver bullion. Thus, one cannot expect to exchange a silver certificate today and receive a payout of silver bullion equal to the face value of the bill. Silver certificate issues are quite common, though many are scarce in Gem.