![]() However, Silver Certificates still retain legal tender status for obtaining Federal Reserve Notes of the equivalent value. One dollar circulated silver certificates that are in perfect condition are worth around a little more than their face value.Silver Certificates were eventually replaced with Federal Reserve Notes, which remain in use today. This changed in the years since the elimination of circulating precious metal coins. They were originally redeemable for their face value of silver dollars. Silver certificates were issued from 1878 through 1964.
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