The reason was the government’s expectation of a silver bullion shortage. The curiosity is that President Kennedy’s last executive order on 4th June 1963 was to phase out silver certificates. The government has kept destroying pieces that end up in the bank, so finding them in any condition can be challenging. Most of these bills were worn out or destroyed over time, but they are still legal tender. However, the difference was that they only could redeemable the first banknotes for silver. Therefore, Americans simultaneously used silver certificates with a blue treasury seal and Federal Reserve notes with a green seal for years. 1957 small-size silver certificate dollar bill series Actually, the early Federal Reserve notes from the 1963 A series came into circulation in the mid-1960s, while the old bills discontinued by the 1963 law were still in use. The $1 silver certificate coins printed in 1957 were the first American paper currency with the motto IN GOD WE TRUST and the last ever produced with a silver standard. Besides the first ones from 1928, they were issued with series dates of 1934, 1935, and 1957. The first pieces were large-size silver certificates printed by 1923 in $10 to $1,000 denominations, while the first $1, $2, and $5 banknotes were authorized in 1886.Īfter 1923, the US bank reduced all re-designed banknotes’ sizes, including silver certificates regularly produced as $1, $5, and $10 banknotes. Silver certificates were representative money produced from 1878 to 1964 as part of American paper currency circulation. History of the 1957 Silver Certificate Dollar Bill 1957 Small-size silver certificate dollar bill value Plus, they came in a small-size format, like $1 bills printed in 1928, 1934, and 1935. These banknotes with a blue seal were significant as the first American paper money with the motto IN GOD WE TRUST on the back page. Thanks to such high mintage, the 1957 silver certificate dollar bill value is often only a bit higher than its face value nowadays. The Bureau of Engraving and Printing produced 5.3 billion $1 bills in 1957.

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