Our collectors of historical U.S. currency will appreciate our offering of large and small United States Silver Certificates from 1923. These one dollar silver certificates range in conditions from cull to very fine, but each carries with it a storied history. Silver Certificates are a type of representative money that were produced in response to a public outcry after the Fourth Coinage Act and the nation’s move to the gold standard. The first Silver Certificates were printed in 1878 in order to please Western silver-mining interests. Many were very unhappy about the U.S. gold standard, and they called for the production of silver coins. The United States Treasury responded with the next best thing—bills redeemable in silver that was stored in government vaults. In 1928, Silver Certificates shrunk in size to match the prevailing size of most U.S. currency. Therefore, our 1923 silver certificates represent a larger variety than more modern issues and are referred to as Large Silver Certificates.
Silver Certificates were printed until 1935. Then, in the 1940’s and 1950’s, the Treasury began shredding them until almost all had been taken out of circulation and destroyed. That’s what makes these One Dollar Silver Certificates collectible. The silver certificate was briefly revived in 1957, but by 1964, Silver Certificates could no longer be redeemed for silver. On the obverse of large and small size Silver Certificates like these specimens, an “obligation” reads: "This certifies that there is on deposit in the Treasury of the United States of America one silver dollar payable to the bearer on demand." Until 1964, citizens could redeem the printed denomination for the corresponding number of silver dollars. We also offer a superb set from the United States Mint that contains a 2001 BRILLIANT UNCIRCULATED Silver Buffalo Dollar, an Original Red Cloud stamp, a 2001 Buffalo stamp, and an 1899 $5 Indian Chief Silver Certificate Replica. This set is accompanied by an information booklet and secure storage sleeve.
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