Live Human Help available Now! 1-866-680-2655



One Dollar Bill Silver Certificate Large Size Series 1923 US Currency Good or Better

Item # IT058141
Our price $ 39.99
Be Back Soon
This items isn't currently available online but we may have it in our store.
Click here for more information.
Please enter your email addresses or phone number below as well as any notes you would like to include and we will contact you about this items's availability.
Or you can call us at (303) 339-7777 and we would be happy to take a look.
email addresses or phone number:
notes:

We are pleased to offer for sale this One Dollar Bill Silver Certificate Large Size Series 1923 US Currency Good or Better.  These $1 Silver Certificates are nice original bills which grade good or better. These $1 Silver Certificates were redeemable for silver dollars or silver bullion up until 1964.  These notes are Series 1923.  Each bill comes in a currency sleeve for protection.  These $1 Silver Certificates will make a nice addition to any currency collection!

Information on these Silver Certificate Series 1923 One Dollar Bills:

In 1923 the $1 Silver Certificate was re-designed.  The obverse features a cropped version of George Washington's portrait which was used for all future versions of the $1 Silver Certificate.  Also, on the obverse the note's seal, serial numbers, and "1 DOLLAR" are printed in blue.  The reverse features a large ornate design in the middle of the note with "THE UNITED STATES OF AMERICA" over "ONE DOLLAR".  The series 1923 bill was the last large size $1 Silver Certificate to be issued.

History of the Silver Certificate:

The Coinage Act of 1873 placed the U.S. on the gold standard.  Previously  the United States had been on a gold and silver bimetallic standard, created by Alexander Hamilton.  The Coinage Act discontinued coinage of the U.S. silver dollar.  This caused the world market price of silver to fall drastically.  Demand decreased as the U. S. demonetization of silver combined with a shift in European countries from a silver to a gold standard.  Supply increased as large silver deposits were discovered in the American West.  Silver mining companies suffered with no orders coming from U.S. mints.  Many citizens saw this as a "crime," and silver agitation began.  As a reaction to this,  the Bland-Allison Act was passed by Congress on February 28, 1878.  The bill restored the standard silver dollar's full legal tender status.  It required the United States Treasury to purchase (at market price) between $2 million and $4 million of silver bullion monthly from the Western miners.   Silver Certificates came about because silver coins are quite heavy and an easier medium of trade was needed. The government decided to apply their gold certificate strategy to the silver. The idea was that when demand called for it,  Silver Certificate were printed against the silver dollars held in the Treasury to provide an easier medium of exchange. The idea was kept, and Silver Certificate Series 1878 was printed in denominations of $10 to $1000.

Check out all our Large Size Silver Certificates!
Be Back Soon



02.00.00-6