One Dollar Bill Silver Certificate STAR NOTE NO MOTTO Series 1935 US Currency Good or Better

Item # IT061452
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We are pleased to offer for sale this One Dollar Bill Silver Certificate STAR NOTE NO MOTTO Series 1935 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 STAR NOTES NO MOTTO from Series 1935 (random pick our choice 1935, 1935-A through G).  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 1935 One Dollar Bills
    In 1929 all US Currency was changed to its current modern size. Silver Certificates as well as Legal Tender Notes were the first small sized $1 bills issued. The series 1935 bill can be differentiated from past series by its completely redesigned reverse. The reverse was changed from the so called "Funny Back" style to the style we know today featuring the Eye of Providence Pyramid and Bald Eagle.  One additional change was made to the reverse during the 1935G Series.  The motto "IN GOD WE TRUST" was inserted on the reverse of the bill above the large centered "ONE". This created two versions of the 1935G series bill - one "with motto," and one "without motto" (the 1935 Series A-F all do not have the motto, and all of Series 1935H have the motto).

    While the reverse was newly designed, the obverse maintained its original appearance with these slight changes:
        *  The use of a cropped version of the George Washington portrait previously featured on large size $1 Silver Certificates
        *  The blue numeral 1 was changed to gray and made smaller.
        *  The gray "ONE" to the right was removed.
        *  The treasury seal was made smaller and superimposed by "WASHINGTON D.C."
        *  A stylized "ONE DOLLAR" was added over the treasury seal

What is a Star Note?

A Star Note is a bank note minted to replace a defective note that was not fit for circulation. The Bureau of Engraving and Printing (BEP) uses these Star Notes to ensure that the correct amount of currency is created.  The BEP does not replicate the exact serial numbers of the defective bills, rather a separate run of notes (with their own sequential serial numbers) is created to mint the exact number of discarded notes.  These Replacement Star Notes are marked with a distinctive symbol, a "star" that is placed adjacent to the serial number.  On Legal Tender Notes and Silver Certificates the star is where the prefix (first letter) of to the serial number would be.  On Federal Reserve Notes the star is where the block letter (the last letter) of the serial number would be.

Historically, Star Notes were also used for the 100,000,000th note in a series, the last note in the block of serial numbers (the numbering machines could not print over 8 digits).  Star Notes are no longer used for this.  Star Notes occasionally replaced notes from a different series, as well.  

The number of Star Notes produced for a series depends on the number of printed bills found to be defective.  The BEP currently prints Star Notes in maximum runs of 3.2 million (100,000 sheets of 32 notes each).  The runs are often significantly smaller depending on how many Star Notes are needed. So what is the value of a Star Note?  The smallest run sizes produce the rarest, and potentially most valuable, Star Notes! 

What is a Silver Certificate?

Silver Certificates were United States Currency authorized in the Act of Congress of February 28, 1878 and issued through 1964.  Large size Silver Certificates were issued through 1923 and then the currency changed to the small or modern size we use today.  Silver Certificates all have distinguishing blue seals.  Silver Certificates could be exchanged for silver dollars or silver bullion.   The Silver Law of 1963 changed this, discontinuing redemption for silver dollars in 1964; then silver bullion in 1968 (based on silver price of $1.29 per ounce).  Small size Silver Certificates have been issued in $1, $5, and $10 denominations.

Small size $1 Silver Certificates were printed in multiple series: 1928, 1928 A through E, 1934, 1935, 1935 A through H, 1957, 1957 A and B.  $5 Silver Certificates were also printed in multiple series: 1934, 1934 A through D, 1953, 1953 A through C.  $10 Silver Certificates were printed in multiple series as well: 1933, 1933 A, 1934, 1934 A through D, 1953, 1953 A and B.

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