The Silver Dollar Certificate is a piece of representative paper money that were printed in the United States between the years of 1878 and 1964. Silver certificates were produced as a result of public silver agitation after the fourth coinage act was brought into place and the American public were annoyed that the United States had been put onto a gold standard.
Silver Dollar Certificate Values
When you were in receipt of a Silver Dollar Certificate you could then exchange it for the equivalent value of a silver dollar coin. When the silver certificates were produced they were redeemable against the equal amount in silver dollar coins and at a 
later date they were also redeemable against pure silver bullion. However, for the few silver dollar certificates that are still around today they are only redeemable in Federal Reserve Notes (but they can still be used a legal tender if the user wishes to).
What is a Silver Dollar Certificate?
The seal and the serial numbers on most of the first certificates that were printed were in the colors of red, brown and blue. In 1899 when certificates for $1, $2 and $5 values for printed the serial numbers were changed to be always printed in blue. During the Second World War the color of the print for the serial numbers for the notes that were sent to Hawaii were changed to brown it was thought that if the money fell into enemy hand then these could then be cancelled in order to protect the United States from large financial losses.
The Silver Dollar Certificate carries with it the obligation to pay the bearer the equivalent value in silver coins or silver bullion.
In 1928, the United States Treasury made the decision to reduce the size of the United States currency with the idea that this would help to hasten transactions and the cut cost of the production of coins. This had a knock on effect on the Silver Certificate and for the 1928 series of Silver Dollar Certificates, only $1 Silver Certificates were made.
What is my Silver Dollar Certificate worth?
Silver Dollar Certificates eventually began to disappear from circulation during the years in the 1940s and 1950s. This was because the amount of certificates that were in public circulation were directly dependable on the number of silver bullion that was available for them to be redeemed against in the United States Treasury. The United States Treasury started to destroy the certificates when they were traded in for bullion and so the number of certificates started to diminish fast. The certificates had now lost their political and financial backing and no more silver was being produced.
Another reason for the loss of the Silver Certificate was that the price of silver was rising and at one time in 1960 it was $1.29 which meant that the net worth of a dollar coin was worth less than it was worth in bullion. This meant that the American public were getting their silver dollars and melting them down for the bullion. This was having a knock on effect on the amount of silver that was in general circulation and making the price rise even more.
Eventually in March 1964, the then Secretary of the United States Treasury, C. Douglas Dillon put a stop to the redemption of the Silver Dollar Certificate for silver dollars.