At the Pidyon HaBen ceremony the father has to give a Cohen 5 biblical Shekalim.
5 biblical Shekalim is about 117 grams of silver (3.77 troy ounces) with a value of about $82.- at yesterday's rate.
This value can be given in coins, or other goods.
Bank notes, checks, IOUs and property are not acceptable for a Pidyon HaBen.
If the Cohen wants, he can return the money to the father, after the ceremony, but he does not have to.
Source: Kitzur Shulchan Aruch 164:1, 6
- Danny
Monday, 17 Adar-I 5774
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