5923

1896 $1 One Dollar U.S. Silver Certificate Large Size Currency Bank Note Fr #225 (PMG 15)

Currency:USD Category:Sports - Cards & Fan Shop Start Price:50.00 USD Estimated At:NA
1896 $1 One Dollar U.S. Silver Certificate Large Size Currency Bank Note Fr #225 (PMG 15)

Bidding Over

The auction is over for this item.
The auctioneer wasn't accepting online bids for this item.

Contact the auctioneer for information on the auction results.

Search for other items to bid on...
Auction Date:2018 Dec 27 @ 20:00 (UTC-7 : PDT/MST)
Location:2320 W Peoria Ave Suite B142, Phoenix, Arizona, 85029, United States
Graded PMG 15 (Choice Fine). Please see the images for more details on the condition of the bill.

"Educational Series" is the informal name used by numismatists to refer to a series of United States silver certificates produced by the U.S. Treasury in 1896, after its Bureau of Engraving and Printing chief Claude M. Johnson ordered a new currency design. The notes depict various allegorical motifs and are considered by some numismatists to be the most beautiful monetary designs ever produced by the United States.

Silver certificates were issued between 1878 and 1964 in the United States as part of its circulation of paper currency. They were produced in response to silver agitation by citizens who were angered by the Fourth Coinage Act, which had effectively placed the United States on a gold standard. The certificates were initially redeemable for their face value of silver dollar coins and later in raw silver bullion. Since 1968 they have been redeemable only in Federal Reserve Notes and are thus obsolete, but still valid legal tender.

Large-size silver certificates (1878 to 1923) were issued initially in denominations from $10 to $1,000 (in 1878 and 1880) and in 1886 the $1, $2, and $5 were authorized. In 1928, all United States bank notes were re-designed and the size reduced. The small-size silver certificate (1928–1964) was only issued in denominations of $1, $5, and $10.