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How Much Is a $1 Silver Certificate Worth? That depends on the type of $1 silver certificate. For instance, a Series 1896 $1 Silver Certificate Educational note in good condition is worth more than $500 while a $1 Black Eagle Silver Banknote Certificate in the same condition can fetch just above $110.

A silver certificate is a type of former legal tender in the form of paper currency, which was issued by the U.S. government beginning in 1878. It represented a stated amount of silver bullion, enabling individuals to buy the commodity without taking physical possession of it.

The blue seal indicates that the dollar bill is backed by silver?in other words, it is a silver certificate! This is important because most silver certificates look nearly identical to the modern $1 bill and $5 bill aside from the blue seal. (In fact, that's where those paper note designs originated from.)

In an effort to lower manufacturing costs, all Federal Reserve notes are made about 30 percent smaller?measuring 6.14 x 2.61 inches, rather than 7.375 x 3.125 inches.

If your $2 bill dates back to 1886 and has a red seal with a silver certificate, you're in luck. That bill is worth $4,500. A number of other iterations of the $2 bills with a red seal can also fetch well over a $1,000. Bills with brown seals are also very valuable.

Silver Certificates - Small Silver Certificates - SmallValue RangeSilver Certificates - SmallValue Range1935C Replacement $1 (Fr. 1612*)$4.05 - $358 $4.05 - $3581935D $1 (Fr. 1613N)$2.15 - $81.00 $2.15 - $81.001935D Replacement $1 (Fr. 1613N*)$3.38 - $520 $3.38 - $52080 more rows

U.S. Silver Certificates were issued in two sizes. Large-Size Silver Certificates measuring 7 3/8" x 3 1/8" were issued from 1878-1929 in nine denominations: $1, $2, $5, $10, $20, $50, $100, $500 and $1,000. Beginning in 1928, the size was reduced to modern standards of 6 1/8" x 2 5/8".