1957 $1 Silver Certificate VF

Last-Year-of-Issue $1 Silver Certificates

In 1963, President John F. Kennedy signed Executive Order 1110, slowly halting the production of $1 Silver Certificates. That means the 1957 Series was the final year of the $1 Silver Certificates. These federally issued notes were as good as a silver dollar in your pocket – in fact that was exactly their purpose: any one of these notes could be taken into a bank and traded for a gleaming silver dollar.

Kennedy’s decision was prompted by the fact that the government was expecting a shortage of silver bullion. People who were still holding these $1 Silver certificates had until March 1964 to exchange these notes for silver coins. For the next four years, people could exchange the notes only for silver granules. The redemption period ended for good in 1968, making the notes that are left valuable collector items of a bygone era. In addition to the last-ever nature of these certificates, they are also significant for being the first to feature the motto “In God We Trust,” the result of a law signed by President Eisenhower in 1955.

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