Template:POTD/2023-09-05

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Silver certificates

Silver certificates are a type of representative money 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 Coinage Act of 1873, which had effectively placed the United States on a gold standard. Since 1968 they have been redeemable only in Federal Reserve Notes and are thus obsolete, but they remain legal tender at their face value and hence are still an accepted form of currency. This is a complete set of the 1923 series of large-size silver certificates, designed by the Bureau of Engraving and Printing and comprising two denominations, one dollar and five dollars. On the obverse, each banknote bears the portrait of a U.S. president (George Washington and Abraham Lincoln) and the engraved signatures of a register of the Treasury (W. O. Woods and H. V. Speelman) and a treasurer of the United States (H. T. Tate and Frank White).Banknote design credit: Bureau of Engraving and Printing