Today we are going to switch things up a bit and talk about paper currency as opposed to coins.
Our first topic in this series is the Silver Certificate. The Silver Certificate was made as a result of the silver agitation caused by the Fourth Coinage Act.
When first released these bills were redeemable for their face value in silver coins but since 1968 are essentially obsolete as they are only redeemable for Federal Reserve notes.
Although they are obsolete in this manner they are still considered legal tender and will work as a bill.
The $1 dollar Silver Certificate is almost exactly the same as the more modern $1 bill with a portrait of George Washington on the front along with a serial number and the signature of the treasurer. the main differences are that the seal on the Silver Certificate is blue, while on the $1 bill it is green. Also it says “SILVER CERTIFICATE” where the bill says, “FEDERAL RESERVE NOTE.” It also says “ONE DOLLAR IN SILVER PAYABLE TO THE BEARER ON DEMAND.”
The reverse of the bills are the same as regular $1 bills.
