Rare Coin

Sell Rare Coins to the Best Buyer Coin Buyer in Las Vegas and Henderson

A coin is a piece of hard material, usually metal and in the shape of a disc, that is used as a medium of exchange. In the past, a coin’s value was determined by the intrinsic value of the component metal, but nowadays, most coins are made of base metal, and their status as fiat money solely determines their value. However, coins produced decades ago still remain highly valuable because of their rarity and collectability are considered the most sought-after coins today. 

Brief History

Coins were believed to be introduced as a means of payment around the 5th century BCE. The Lydians were considered the first to  mint coins as provided in the historical accounts written by Herodotus. At the same time, Aristotle claims Demodike of Kyrme, the wife of King Midas of Phrygia, was the first to do so. However, according to numismatists, the first coins were made on the Greek island of Aegina, possibly by local rulers or King Pheidon of Argos.

Aegina, Samos, and Miletus all produced coinage for the Egyptians through the Greek trading station at Naucratis in the Nile Delta. Coins were almost certainly introduced to Persia when the Persians invaded Lydia in 546 BCE. Also, the Phoenicians did not start minting coins until the middle of the fifth century BCE, when the Carthaginians in Sicily did. Then, it was not until 326 BCE that the Romans began minting coins.

According to historical records, the first coins were made of electrum, a silver-gold alloy. The earliest Lydian coins appear to have been created as tokens for merchants to use in commercial transactions. Lydian coins, the majority of which featured Lydian ruler Alyattes, were also produced by the Lydian state. There is a so-called legend or dedication on several Lydian coins, which can still be seen today.

Significantly, gold coins were first standardized in China during the Qin dynasty, which ruled from 221 to 207 BCE. Then, the Han emperors established two more legal tenders after the Qin dynasty ended, including the silver coins and “deerskin notes.” 

Famous Rare Coins

Here are some of the top rare coins worth a large sum of money when sold to a reputable coin-buying establishment. 

1933 Saint-Gaudens Double Eagle

At the time of the Great Depression, President Franklin D. Roosevelt removed the country from the gold standard in 1933 and ordered the melting of all gold coins. Approximately a dozen were never returned to the mint or were smuggled out by enterprising employees, which significantly includes the Saint Gaudens Double Eagle. This was discovered in 1992 and confiscated by the Secret Service.

1804 Draped Bust Dollar

When the Jackson administration wanted to produce foreign dignitaries’ coin sets in 1834, silver dollars had not been pressed in thirty years to counter a wave of counterfeiting schemes. That is why the mint was ordered to produce eight silver Draped Bust dollars, dated 1804, making them the only dollar coins ever to bear that year. Each is now worth more than a million dollars. 

1861 Confederate States Half-Dollar

In 1861, the Confederate States of America took control of the New Orleans Mint. However, without a reserve of precious metals, the South chose paper money over coinage to fund their war efforts. There were few Confederate cents, and half-dollars that were struck were virtually unknown until after the Civil War when they began to appear in private collections. 

1974 Aluminum Penny

With the rising price of copper, Aluminum Penny costs almost as much to make a cent as the penny was worth in the early 1970s. As a result, the US Mint experimented with alternatives, such as this aluminum penny sent out as a sample to VIPs but were never recovered. 

1913 Liberty Head Nickel

This five-cent piece is considered a numismatic legend. Despite the fact that the “Liberty Head” design was retired in 1912, five nickels with said design were struck in 1913. But then, these were sold a few years later, with one being valued at $3 million in a recent transaction.

Best Buyer of Rare Coins

Nevada Coin Mart is the top buyer of rare coins in any condition from different timeframes of coin production. So, if you have rare coins that you want to get rid of in exchange for instant cash, now is the perfect time to bring them to our shop and sell them. We buy a wide range of coins with a variety of designs, themes, and metal content.

Our store offers a free in-store valuation to ensure that your valuable item is valued accurately and fully. We use a state-of-the-art x-ray spectrometer to analyze the fine details of your rare coins and use it to assess and provide a fair price. Likewise, with the assistance of our experts, we ensure that we will correctly evaluate the collectible and market value of your rare coins.

The Las Vegas Journal Review has honored Nevada Coin Mart with the Best of Las Vegas Award 12 times already. That is why we continue to pledge to work to the best of our abilities in order to provide the best possible customer service at all times. Our team makes every effort to ensure that our services are delivered with professionalism and excellence.

Sell your rare coins now with us! Nevada Coin Mart® is the answer to search now for a reputable coin-buying store. We are located at 4065 S. Las Vegas Blvd. in Las Vegas, Nevada. Call 702-998-4000 or stop by our location at Jones Blvd in Las Vegas, NV 89103. We are available from 9:00 AM to 5:00 PM every single day of the year.

References:

https://www.worldhistory.org/coinage/#:~:text=Coins%20were%20introduced%20as%20a,of%20King%20Midas%20of%20Phrygia.

https://www.livescience.com/11363-top-10-rare-coins.html

https://en.wikipedia.org/wiki/Coin#Currency

https://www.thesprucecrafts.com/identifying-old-coins-768860

Foreign Bill

Sell Foreign Bills to the Best Buyer in Las Vegas and Henderson, NV

A banknote, sometimes known as a bill, paper money, or simply a note in the United States and Canada, is a type of negotiable promissory note issued by a bank or other recognized body and payable to the bearer on demand. Commercial banks typically issue this. Also, banknotes were legally compelled to redeem them for legal tender, usually, gold or silver coin, when delivered to the issuing bank’s chief cashier. 

In the market, these commercial banknotes are exclusively exchanged at face value. National banknotes that are issued by central banks or monetary bodies have mostly superseded commercial banknotes. National banknotes are considered legal tender, which means that courts of law must accept them as adequate payment of debts.

Brief History

Historically, when consumers provided banknotes for payment, banks used to try to ensure that they could always pay them in coins. This is exactly why the history of central banks backing their currencies in gold or silver is based on this practice of “backing” notes with something of value. Today, most national currencies have no precious metals or commodities to back them up, and their value is determined solely by fiat. Coins are used for lower-value monetary units, except for non-circulating high-value or precious metal issues, and banknotes are used for higher-value monetary units.

In the 17th century, it was believed that the Tang dynasty of China first produced paper, but actual paper money did not arrive until the Song dynasty in the 11th century. Paper money was later adopted throughout the Mongol Empire and the Yuan Dynasty in China. During the 13th century, European adventurers such as Marco Polo introduced the concept to Europe. In the early 1800s, Napoleon introduced paper banknotes.

Over time, people’s perceptions of banknotes as money have changed. Money was originally based on precious metals. Some people viewed banknotes as a promissory note, or an I.O.U., which means a promise to pay someone in precious metal or some sort of representative money. However, from the late 1600s onwards, they were widely accepted in London for the sake of convenience and security. Banknotes became pure fiat money after precious metals were removed from the monetary system.

Famous Foreign Bills

Euro 

On January 1, 1999, this paper money began to circulate in the global markets, with banknotes and coinage following three years later. In addition, aside from being the official currency of the eurozone, many countries in Europe and Africa peg their currencies to it for the same reason that currencies are linked to the U.S. dollar – to keep the exchange rate stable. As a result, the euro is the second-largest reserve currency in the world.

Canadian Dollar 

The Canadian dollar, sometimes known as the loonie, is the world’s most crucial commodity currency, meaning it moves in lockstep with commodity markets such as crude oil, precious metals, and minerals. Because Canada is such a significant supplier of such goods, the loonie is frequently affected by changes in underlying commodity prices, particularly crude oil.

Swiss Franc

The Swiss franc is regarded as a safe-haven currency in the forex market, owing to its tendency to fluctuate less than higher commodity currencies such as the Canadian and Australian dollars. The Swiss National Bank has a history of being highly active in the currency market to keep the franc trading within a narrow range, limit volatility, and keep interest rates in check.

West German Deutsche Mark

The Deutschmark or “D-mark” was the Federal Republic of Germany’s official currency until 2002. It was legal money in West Germany and then the unified German state until the official introduction of the euro (EUR) in 2002. It was first issued in 1948.

East Germany Ostmark

The East German mark is known as the “eastern mark ” in West Germany. The currency code for the German Democratic Republic, also known as East Germany, is DDM. Over time, this currency changed and was called using different names. From 1948 to 1964, the currency was known as the Deutsche Mark, then the Mark der Deutschen Notenbank, and finally the Mark der DDR from 1968 until 1990. 

German Reichsmark

Also called the Third Reich Money, this refers to the currency of Germany from 1924 to 20 June 1948 in West Germany at the time when the Deutsche Mark replaced it. 

French Francs

The franc, often known as the French franc (FF), is the currency used in France. In 1795, it was restored to the currency market. It was revalued in 1960, after two centuries of inflation, with each new franc (NF) being worth 100 old francs.

Iraqi Dinar

This refers to the currency of Iraq. It is made up of 1,000 fils, but such are no longer used due to inflation, making dinars the lowest unit of currency in circulation.

Best Buyer of Foreign Bills 

Nevada Coin Mart is undoubtedly the largest and the number one buyer of foreign bills in Las Vegas and Henderson. We buy all sorts of bills coming from different countries. That is why if you have one right now, sell it to us to get the most cash. Our team is a distinguished buyer of various banknotes. We use quality equipment and facilities to check the authenticity of our foreign bills. This way, you are guaranteed that the price we are giving you is based on the actual condition of your money bills or paper money. Our employees and experts will definitely ensure that the process through which your items will undergo is topnotch.

As soon as you visit our store and decide to sell your foreign bills, you will be escorted by one of our staff members to a private booth to talk to you about the valuation process. We will inform you on how our team will arrive at a specific price that fairly deserves the value of your item. 

We can be reached at 702-998-4000 or visited at 4065 S. Jones Blvd, Las Vegas, NV 89103. We are open from 9 AM to 6 PM every day of the year. We promise that you will get the most outstanding customer service for which we have been known for many years. So, instead of wasting time, do not sit on your foreign bills. Sell them now to Nevada Coin Mart!

 References:

 https://www.investopedia.com/articles/forex/11/popular-currencies-and-why-theyre-traded.asp

https://en.wikipedia.org/wiki/Currency

https://en.wikipedia.org/wiki/Banknote

https://www.econlib.org/book-chapters/chapter-chapter-xxiii-foreign-bills-of-exchange/

Old Coin

Sell Old Coins to the Best Buyer Coin Buyer in Las Vegas and Henderson

A coin is a small, flat, round piece of metal or plastic used primarily as a means of exchange or legal tender, depending on the country of its origin or how it is valued. They are standardized in weight and manufactured in huge quantities for a convenient trading process in a mint. Governments are the most common producers of coins. Thematic or representative images, digits, and writing are frequently found on coins.

Coins are often made of metal or an alloy, although, man-made materials can be used in their production, too. They are also frequently formed like a disc. On the other hand, bullion coins are made of valuable metals that are held in huge quantities. Other coins, which circulate alongside banknotes, are used as money in regular transactions. However, except for bullion coins, the highest-value coin in circulation is usually worth less than the lowest-value note.

Brief History

Around the 5th century BCE, coins were introduced as a means of payment. According to Herodotus, the Lydians were the first to mint coins, while Aristotle claims that Demodike of Kyrme, the wife of King Midas of Phrygia, was the first to mint coins. The earliest coins, according to numismatists, were struck on the Greek island of Aegina, possibly by local rulers or by King Pheidon of Argos.

Through the Greek trading station at Naucratis in the Nile Delta, Aegina, Samos, and Miletus all manufactured coinage for the Egyptians. When the Persians invaded Lydia in 546 BCE, it seems certain that coins were introduced to Persia. The Phoenicians did not begin minting coins until the middle of the fifth century BCE, after which the Carthaginians in Sicily began minting coins. Also, the Romans did not start minting coins until 326 BCE.

Moreover, the Achaemenid Empire and Alexander the Great’s subsequent nations transported coins to India. In the 2nd century BCE, Indo-Greek kingdoms, in particular, struck a lot of multilingual coins. Samudragupta from 335 to 376 CE, who represented himself as both conqueror and musician, is reputed to have produced the most beautiful coins of the classical era.

Historical records show that electrum, a silver-gold alloy, was used to make the first coins. Interestingly, many early Lydian coins appear to have been coined as tokens to be used in commercial transactions by merchants. The Lydian state manufactured coins, and the majority of which featured Lydian ruler Alyattes. A so-called legend, or dedication, appears on several Lydian coins, which is still evident today.

During the Qin dynasty in China, gold coins were first standardized from 221 to 207 BCE. After the Qin dynasty, the Han emperors established two more legal tenders: silver coins and “deerskin notes,” a Chinese invention that predated paper currency.

Value of Old Coins

Two major factors are considered in determining the value of your old coins. These include the following:

Currency

The majority of coins today are constructed of base metal, and their worth is derived from their status as fiat money. This means that the coin’s value is determined by government fiat or law. Thus, only in the sense that national currencies are used in domestic trade and traded internationally on foreign exchange markets.

Further, coins may be in circulation with fiat values lower than the value of their constituent metals, but they were never issued with that value. The gap only develops over time as market values for the metal surpass the fiat declared face value of the coin owing to inflation.

Collectability

The value of a coin as a collector’s item or as an investment is determined by its condition, historical relevance, rarity, quality, design beauty, and general popularity among collectors. If a coin is severely weak in any of these qualities, it is unlikely to be valuable. The value of bullion coins is impacted by such elements, although it is primarily determined by the gold, silver, or platinum content.

Best Buyer of Old Coins

Nevada Coin Mart is the top buyer of old coins in any condition from any manufacturer. So, if you have been keeping old coins for a while, now is the time to bring them to our shop and sell them for top pay. We purchase a wide variety of coins of different designs, themes, and metal content. Some of the coins that we look forward to buying from you for instant cash include the following:

  • Half cents
  • Small cents
  • Nickels or five cents
  • Dimes or ten cents
  • Quarters
  • Half dollars
  • One-dollar coins
  • Gold coins
  • Classic commemorative coins
  • Modern commemorative coins

 

We will provide you with a free price for your item using a state-of-the-art spectrometer. You will surely get the most out of your transaction with us thanks to our excellent customer service. Our team will guide you through the entire valuation process. You will be led to a private booth where you will be accompanied by one of our staff members and experts. During the valuation, they will talk with you about securing the best price for your items.

The Las Vegas Review-Journal has honored us with three Best of Las Vegas awards for our professionalism and quality in service delivery. This recognition just goes to show how serious and committed our respectable business is to meeting the needs of the general public when it comes to coin purchases. Our store is licensed in buying all types of coins of different metal content, like gold, platinum, and silver.

Hurry now! Check us out yourself to see what we can offer and serve in exchange for your precious items. We can be reached at 702-998-4000 or be visited at 4065 S. Jones Blvd, Las Vegas, NV 89103. We are open from 9 AM to 6 PM every day of the year.

References:

https://www.worldhistory.org/coinage/#:~:text=Coins%20were%20introduced%20as%20a,of%20King%20Midas%20of%20Phrygia.

https://en.wikipedia.org/wiki/Coin#Currency

https://www.thesprucecrafts.com/identifying-old-coins-768860

 

Confederate Money

Sell Confederate Dollar to the Best Buyer in Las Vegas and Henderson, NV

Confederate dollars are paper money printed by the Confederacy of Southern States. These money bills were initially printed by the newly created Confederacy shortly before the American Civil War broke out. It was not backed by any tangible assets but rather by a promise to pay the holder after the war if the South won and gained independence. Its worth decreased as the Civil War progressed, and victory for the South became less and less certain. However, following the Confederacy’s fall, its currency lost all value, and both individuals and banks suffered significant losses.

History

The Confederate States of America (CSA) or mostly referred to as the Confederate States or Confederacy, issued the Confederate States dollar in April 1861. The Confederate dollar was often referred to as “Greyback”. The Civil War broke out shortly after.

The currency was not supported by hard assets but rather a promise to pay the bearer after the war. This was built on the anticipation of a Southern triumph and independence. As the Civil War progressed, so did the prospect of Southern victory, and the confederate currency slowly lost its value. After the loss of the Confederacy, the Confederate currency completely lost its value, and a lot of individuals and banks lost a huge amount of money.

Design

Due to the lack of resources such as secure printing offices and equipment, as well as skilled engravers, the Confederacy had to improvise. The early banknotes that were released had unrelated designs printed on them. Some notes had abstract illustrations of mythological beings, like the Goddess of Liberty.

Confederate designs usually depict historical figures like George Washington and naval vessels. Pictures of slaves portrayed in daily labor were also included in the currency. However, out of the 72 notes that were issued by the Confederacy, only five designs have slaves depicted on them.

Politicians and businessmen who were supporters of the Confederate states who were featured in the confederate notes include Alexander H. Stephens, Andrew Jackson, Christopher Memminger, Clement Clay, George W. Randolph, Jefferson Davis, Judah P. Benjamin, Robert M. T. Hunter, and Lucy Holcombe Pickens who was known as the Queen of the Confederacy and the wife of the Governor of South Carolina. One of the bills also featured George Washington.

Coinage

As the Civil War progressed, the monetary cost also increased. Precious metals that were available in the South were used to purchase war goods in Europe. However, the Confederacy was able to mint a few coins. The Confederacy commissioned Robert Lovett Jr. in 1861 to design, engrave and struck a one-cent coin for the CSA. 

The Confederacy captured U.S. Mint facilities in Charlotte, North Carolina, Dahlonega, Georgia, and New Orleans, Louisiana. The Confederate Treasury took the bullion reserves that were stored in facilities. However, C.G Memminger the head of the treasury deduced that the cost of minting coins was cost-ineffective. 

Confederate half dollars were minted in late April 1861 in the New Orleans Mint. 

Banknotes

Banknotes with 50¢, $1, $2, $5, $10, $20, $50, $100, $500 and $1,000 denominations were also issued by the Confederate Treasury. These notes carry various obligations, designs, and issuers. There were 72 different types of notes from seven different “series” released from 1861 until 1864. 

Best Buyer of Confederate Dollars

Nevada Coin Mart is the best buyer of confederate dollars in Las Vegas and Henderson. People in the whole state of Nevada have consistently come to us to get instant cash for their confederate dollars and other precious items. Our team observes quality control by using highly effective and efficient equipment and facilities in checking and analyzing your items. When you engage in our buying and selling transaction, you will be directed by one of our staff members to a private booth where you will have a sit-down discussion with our expert. Our pool of experts will definitely share and explain to you the reasons why your items will be valued at a specific price.

Being a licensed precious item-buying establishment in Nevada, our store always makes sure that we adhere to the standards, policies, and regulations prescribed by the accrediting agencies. This way, we are able to show to the public that our reputation is rooted in competence and excellence in service delivery as accorded by means of accreditation. As our store continues to commit to such a mission statement, we strive to provide the best customer service every time we will be dealing with our clients. In fact, 12 times already, Nevada Coin Mart has been a recipient of the Best of Las Vegas award, which we hugely take pride in.

Check us out yourself! We are open 365 times a year, from 9 AM to 6 PM. Visit us at Nevada Coin Mart® 4065 S. Jones Blvd Las Vegas, NV 89103, or call us up at 702-998-4000.

References:

http://papermoneybuyers.com/confederate_paper_money/

https://www.investopedia.com/terms/c/confederate-dollar.asp 

https://en.wikipedia.org/wiki/Confederate_States_dollar#:~:text=The%20Confederate%20dollar%2C%20often%20called,exchange%20with%20high%20purchasing%20power.

https://en.wikipedia.org/wiki/Confederate_States_dollar 

Banknote

Banknotes

What are Banknotes?

A banknote or commonly known as a bill is a kind of negotiable instrument (a document that guarantees payment to the payee a set amount of money on-demand or on a specific period) typically issued by a bank or any other licensed authority, payable to the payee on demand. 

 

Commercial banks are the original issuers of banknotes. They are also legally obliged to exchange the notes for legal tender (typical gold or silver coin) when presented to the lead cashier or the issuing bank. Most national banknotes are considered to be legal tender, with that said; they are recognized by the courts of law to be substantial payment for monetary debts.

Brief History

In 7th century China, during the Tang dynasty, paper money was first introduced. However, it was not until the Song dynasty (11th century) when real paper money was used. The use of paper money later expanded throughout the Mongol Empire (Yuan dynasty China). The concept of paper money was later brought into Europe by European explorers like Marco Polo. In the early 1800s, Napoleon also issued paper banknotes.

 

People’s view of banknotes eventually changed over time. Some see it as money based on precious metals like gold and silver. Others see banknotes as I.O.U. or promissory notes (a promise to pay a specific amount of precious metals).

Different Types of Banknotes of the United States Dollar

Throughout history, the United States government has issued multiple types of United States dollar banknotes. These banknotes served different purposes significant during the era it was released, such as banknotes used to help finance the American Revolution. Below are the different types of United States dollar banknotes.

Continental Currency

In 1775, the Continental Congress began issuing paper money known as Continental currency. The Continental currency was issued just after the American Revolution began. The currency was used to help fund the war effort. After the war, the currency eventually lost its value.

Treasury Notes

Treasury Notes are interest-bearing notes that are issued by the United States during times of uncertainty like war and financial disruption. 

Demand Notes

Demand Notes were initially issued due to a coin shortage during the American Civil War. The demand notes were released in three denominations of $5, $10, and $20.

United States Notes

United States Notes or Legal Tender Notes replaced Demand Notes as the United States’ main currency. They cannot be exchanged for coins but are accepted for the payment of taxes and debt. They have a distinctive red seal printed on them and were initially in denominations of $1, $2, $5, $10, $20, $50, $100, $500. And in 1878, denominations of $1,000, $5,000, and $10,000 were issued.

Fractional Currency

Due to the public’s hoarding of coins during the Civil War, the U.S. government concluded to substitute coins with paper currency to solve the problem. The currencies were available in denominations of 3¢, 5¢, 10¢, 15¢, 25¢ and 50¢.

Interest Bearing Note

Interest bearing notes bore an interest of 5% or 7.3% annually, and were issued from 1863 until 1865. The notes were $10, $20, $50, $100, $500 and $1,000 in denominations.

Compound Interest Treasury Notes

Compound Interest Treasury Notes were authorized by the United State Treasury Department from 1863 until 1864. They bear 6% per annum interest compounded semi-annually.

Gold Certificates

Gold Certificates were notes that can be exchanged for gold coins and were issued from 1865 until 1934.

National Bank Notes

As opposed to other United States banknotes, National Bank Notes are not issued by United States government banks, but rather by banks authorized by the government.

National Gold Bank Notes

The National Gold Bank Notes are very similar to the National Bank Notes, and the difference is that these notes are redeemable in gold and are mostly issued by private banks in California.

Silver Certificates

Silver Certificates can be changed to silver coins from 1878 until 1967 and in raw silver bullion after that. Silver certificates were released from 1878 through 1964.

Refunding Certificate

Refunding Certificates only came in $10 denomination and was issued only in 1879. These notes carry a special interest of 4% annually.

United States Postal Notes

The U.S. postal notes were exclusively only accessible by mail. The notes can only be sent through the mail, and the amount to be sent must not exceed $5.

Treasury or Coin Notes

Treasury notes can be changed to coins and were issued from 1890 until 1891. The notes came in different denominations of $1, $2, $5, $10, $20, $50, $100, $500, and $1,000.

Federal Reserve Bank Notes

In 1914, after establishing the Federal Reserve System, the Federal Reserve Bank Notes were released. These notes were liabilities issued by the Federal Reserve Bank. The notes were eventually discontinued in 1934.

Federal Reserve Notes

Federal Reserve Notes were different from Federal Reserve Bank Notes but were also initially issued in 1914. Federal Reserve Notes are considered legal tender and can be used to pay taxes and debt.

Reference

https://en.wikipedia.org/wiki/Banknotes_of_the_United_States_dollar

Silver Certificate

Sell Silver Certificates to the Best Silver Buyer in Las Vegas and Henderson, NV

Silver certificates are a sort of representative money that was issued in the United States from 1878 and 1964 as part of the country’s paper currency circulation. They were made in response to citizen dissatisfaction towards the Fourth Coinage Act, which effectively put the US on a gold standard. The certificates could be redeemed for silver dollar coins at first and then for raw silver bullion for a year. They have only been redeemable in Federal Reserve Notes since 1968. However, they are still considered acceptable legal tender at face value and an acceptable form of currency.

Brief History

The Silver Certificate was produced in response to silver agitation, which refers to demonetized silver by American citizens who were dissatisfied with the Fourth Coinage Act of 1873, which attempted to terminate bimetal currency by establishing a straight gold standard.

Businesses began investing in silver in 1875 to revive the bimetallic standard. Representatives from silver-rich states began pressing in Congress to keep one of their state’s critical sources of economic wealth alive for its residents. Consequently, the Bland-Allison Act, enacted on February 28, 1878, authorized the United States Treasury to purchase a minimum amount of silver and circulate it in silver dollars, today known as the Silver Certificate.

Silver certificates were valid for taxes, public dues, and customs under the Bland-Allison Act, but not for individual, private transactions. The National Banking Statute, passed on July 12, 1882, lifted some of these restrictions by allowing them to be included in national banks’ authorized reserves, and they were later transformed into $5 or less denominations under a separate act in 1886.

From 1878 through 1923, large-size silver certificates were issued in amounts ranging from $10 to $1,000, with a focus on 1878 and 1880. In 1886, the $1, $2, and $5 bills were approved. All banknotes in the United States were redesigned, and the size was lowered in 1928. Only $1, $5, and $10 denominations were regularly issued on the small-size silver certificate from 1928 to 1964.

In May 1927, Treasury Secretary Andrew W. Mellon and a team advocated a size reduction and redesign of US banknotes, and on July 10, 1929, new, smaller silver certificates were issued. The silver certificate and its denominations were altered when World War II broke out. Following the Silver Purchase Act of 1934, demand for silver bullion steadily increased over the next three decades.

After that, President John F. Kennedy issued executive orders affecting the treasury secretary’s jurisdiction and the valuation of silver certificates, repealing the Silver Purchase Act of 1934 and related actions. Silver certificates were withdrawn from circulation as a result of this act. Silver certificates were outdated in 1964, and since 1968, they have only been redeemed in Federal Reserve notes. However, they are still recognized as legal currency.

Value of Silver Certificates

The value of a silver certificate is based on numerous factors. These factors are all equally considered when determining the value of your item.  

Condition and Year

The condition and year of issue determine the value of a silver dollar certificate. Although silver dollar certificates can no longer be redeemed for silver, they are still considered legal currency. With this, they can be exchanged for a Federal Reserve note in this way.

Collectability

The collectability of a silver certificate is its actual value. The certificates have become a collector’s item and depending on the rarity of the print, collectors will pay more than face value for them.

Grading

The Sheldon number scale, which ranges from one to seventy, is used to grade most silver certificates, with seventy being a certificate in pristine mint condition. The numerical grade correlates to an adjectival letter that denotes whether the condition is good, very good, fine, very fine, very fine, almost uncirculated, or crisp uncirculated.

Stamps

Aside from the grade, certain silver certificates have other attributes that add to their value to a collector. A silver certificate that comes with a star in the serial number or an error on the front of the bill is worth more than a silver certificate without these attributes of the same year, grade, and denomination.

Some collectors will not acquire 1957-star notes since they are common. Folding, cutting, and inking faults are all possibilities. Furthermore, investors value serial numbers that are distinctive and interesting. For example, a serial number with the numeral two as each digit has more value than a random mix of integers.

Best Buyer of Silver Certificates

Nevada Coin Mart is the best place to sell your silver certificates. We test items using a non-destructive process that involves using a modern piece of technology in gemology called the x-ray spectrometer. Our team uses high-quality facilities and equipment to critically check the condition desirability of your silver certificates and other precious items.

The Las Vegas Review Journal has recognized these services of our store by honoring us with the Best of Las Vegas award 12 times already. That is why we continue to exemplify excellence and competence in service delivery. Our experts always make sure that the customers and their items are treated fairly. When you come to our store, you will be escorted by one of our staff members to a private booth. An in-depth discussion will be led by an expert coming from our team, walking you through the entire valuation process. 

So, if you happen to have one at home, consider selling them at Nevada Coin Mart to earn serious and instant cash. Just bring them in, and we will help you earn the most cash for it. We are open 365 times a year, from 9 AM to 6 PM. Visit us at Nevada Coin Mart® 4065 S. Jones Blvd Las Vegas, NV 89103, or call us up at 702-998-4000. You are absolutely at the right store with the best customer service for a worthwhile transaction of your silver certificates. 

References:

https://www.investopedia.com/articles/markets-economy/090116/what-silver-certificate-dollar-bill-worth-today.asp

https://en.wikipedia.org/wiki/Silver_certificate_(United_States)

https://libertycoinandcurrency.com/blog/a-brief-history-of-silver-certificates/

Gold Certificate

Sell Gold Certificates to the Best Buyer in Las Vegas and Henderson, NV

A gold certificate is a piece of paper that indicates a claim to a certain quantity or value of gold. Back then, gold certificates were worth their face value in US dollars and could be used as legal tender, while the US dollar was bound to the gold standard.

Also, they are used to denote ownership of a certain amount of gold, similar to how stock certificates represent ownership of a business. Gold certificates issued by the United States had the same reason associated at the time of its production. Furthermore, the certificates were worth the same as the same denomination in US currency from around 1879 until they were phased out.

Brief History 

Historically, gold certificates were first issued by goldsmiths in London and Amsterdam, who held their customers’ gold bullion in their vaults. The certificates checked the amount of actual gold the owner was storing with the gold professional, and they were soon being used in everyday transactions like cash. 

In the mid-nineteenth century, the United States Treasury followed the gold certificate practice until 1933, when the Emergency Banking Act was enacted, rendering privately owned gold certificates illegal. Gold certificates became a novelty after the Emergency Banking Act, but this novelty has since proved to be big money for collectors and history buffs in the United States.

Many gold certificates in the denominations of $10, $20, $50, $100, $500, and $1,000 were released. Although gold certificates with face values greater than $500 and $1,000 have been released, they are in much shorter supply and thus command a higher asking price from potential buyers. Gold certificates with lower face values of $10 or $20 on average, usually sell for twice their face value, but they may sell for even more depending on the certificate’s condition.

Many collectors love adding gold certificates to their rare currency collections due to their significance in American history, along with their aesthetically pleasing designs. The vivid orange-gold coloring exhibited by gold certificates on both the front and back of the notes, symbolizes the gold in it- yet another historical feature from an ever-evolving nation displayed through its currency.

Popular Gold Certificate Designs 

With a few exceptions, gold certificates in the United States mimic paper banknotes from the same time span. The designs changed over time, but the majority had bright orange backs and the gold-colored United States seal on the front.

For example, on the face of a $1,000 gold certificate printed in 1907, the denomination is engraved “IN GOLD COIN” underneath a portrait of Alexander Hamilton. On the front of the certificate, there is a gold seal and a gold serial number, as well as the distinctive orange back.

The certificates were basically a parallel currency between 1879 and the time they were phased out, as the value of the dollar was bound to the value of gold. They were legally exchangeable as such, but they were seldom used in everyday transactions.

Value of US Gold Certificates

A few variables determine the value of Gold Certificates. It is important to remember that gold certificates are still completely legal tender, which means that it still has value in the market. Some of these include the following:

Demand

In order for a banknote to fetch a premium, there must be a market for it. Gold certificates with smaller print runs are more attractive and sought after when it comes to paper currency. Remember that some old obsolete and scrip notes with low supply and demand are still flocking the market.

Condition

You will surely have a bill worth a lot of money if you have a banknote that customers want and in good shape. So, when it comes to deciding the worth of Gold Certificates, the condition is highly crucial.

Fancy Serial Number

The serial number of a bill will affect the value of a Gold Certificate. If you have a bill with a unique or fancy serial number, that alone can increase its value.

Market Conditions

Markets are constantly changing. You need to be aware that prior to the market crash of 2007/2008, the value of Gold Certificate banknotes was sky high, and people were willing to pay a lot of money for them. However, by 2009, the economy had nearly halved, and no one was buying as much as they had been.

Best Buyer of US Gold Certificates

Nevada Coin Mart is the number one buyer of US gold certificates in Las Vegas and Henderson, Nevada. We buy US gold certificates of any design and condition, and denomination. Our team will give you the top-dollar price of your items. That’s why if you have US gold certificates in your possession, do not hesitate to come and visit us for a free evaluation of your items. Our experts will assist you throughout the whole valuation process.

With the use of highly regarded facilities and equipment, our team assures you to accurately analyze and measure your precious item. We offer the best customer service when it comes to transactions involving your precious items. In fact, we have been dubbed the Best of Las Vegas Awards by Las Vegas Journal Review more than 12 times, proving only our continued excellence and competence in service delivery.

Nevada Coin Mart is undoubtedly the right place for you to sell your US gold certificates. So don’t waste time and sell your US gold certificates now for instant cash. Come visit us at 4065 S. Jones Blvd Las Vegas, NV 89103, or call us up at 702-998-4000. We are open 365 times a year, from 9 AM to 6 PM.

References:

https://oldmoneyprices.com/gold-certificates/

https://www.bellevuerarecoins.com/what-is-a-gold-certificate/

https://www.investopedia.com/terms/g/goldcertificate.asp