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Lot of (3) 1957 $1 One Dollar U.S. Silver Certificate Star Notes with Consecutive Serial Numbers (Un

Currency:USD Category:Sports - Cards & Fan Shop Start Price:1.00 USD
Lot of (3) 1957 $1 One Dollar U.S. Silver Certificate Star Notes with Consecutive Serial Numbers (Un

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Auction Date:2018 Jul 04 @ 19:00 (UTC-7 : PDT/MST)
Location:2320 W Peoria Ave Suite B142, Phoenix, Arizona, 85029, United States
Lot includes all (3) notes shown. Please see the images for details on the condition of the bills.

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.

Star notes are used by the BEP (Bureau of Engraving and Printing) to replace misprinted/damaged currency before it goes into circulation. These replacement notes are printed just like normal notes, except there is a star printed in the serial number. On Federal Reserve Notes, the star is where the block letter normally is (the last letter of the serial number). On Legal Tender notes and Silver Certificates, the star is where the prefix normally is (the first letter of the serial number).