$1

1934 SILVER CERTIFICATE

 SMALL SIZE NOTE.

Last of the Funny back design.

FR. 1606

Julian-Morganthau  signatures appear on the note

Silver Certificates were originally introduced in 1878 and involved denominations from$1 to $1,000 on large size paper money.  In fact, the most expensive US note to ever sell was a $1,000 Silver Certificate from series of 1891, featuring the portrait of William Marcy, the Secretary of War.  It realized $2,600,000 in a private (but verified) transaction including both Stacks-Bowers and dealer Sergio Sanchez, Jr. 

Small (modern) size silver certificates were continued in 1928, when the United States underwent a major redesign change in significantly reducing the size of her paper money.  So, the small size silver certificate before you now comes from a long and storied history of rare and expensive banknotes.  Silver certificates—on small size notes—were issued only in denominations of $1, $5, and $10.  They were abolished by the Act of June 4, 1963 whereby the paper instrument was no longer redeemable for silver granules.

The blue serial numbers and seal make recognition easy. An opportunity to begin—or add to—an important, growing collection of small size paper money, without “breaking the bank.”

note grades:

CHOICE UNCIRCULATED.