
The value of a 1928 one-dollar silver certificate is determined primarily by its condition and collectible status. According to information from numismatic retailer Littleton Coin Company, a 1928 $1 Silver Certificate in "Very Good" (VG) condition is listed for a retail price of $97.50. This price point indicates that the note's value is significantly higher than its face value.
These specific banknotes are known to collectors as "Funnybacks." They hold a distinct place in U.S. currency history as they were among the first small-size Silver Certificates ever issued. Their production was limited to a period of less than a year, from April 1928 to January 1929. This short issuance window contributes to their scarcity and desirability among collectors.
The value of any individual "Funnyback" note will fluctuate based on its specific grade, which assesses its level of wear and preservation. As suggested by the different grade options (Very Good, Fine, Very Fine) available from dealers, a note in a higher state of preservation will command a higher price than one in a lower grade. Therefore, while a specific retail price can be identified for a given condition, the worth of any particular 1928 one-dollar silver certificate must be evaluated based on its individual characteristics.


