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The $1 silver certificate from the Hawaii overprint series. 1899 United States five-dollar Silver Certificate (Chief Note) depicting Running Antelope of the Húŋkpapȟa. 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. [1]
On banknotes of the United States dollar, the series refers to the year appearing on the obverse of a bill, indicating when the bill's design was adopted. The series year does not indicate the exact date a bill was printed; instead, the year indicates the first year that bills of the same design were originally made.
The certificates were initially redeemable for their face value of silver dollar coins and later (for one year – 24 June 1967 to 24 June 1968) in raw silver bullion. [12] Since 1968 they have been redeemable only in Federal Reserve Notes and are thus obsolete, but still valid legal tender at their face value.
The seal and serial numbers were brown to further distinguish them from regular notes. In the event that Hawaii was captured by enemy forces, the special notes could be declared worthless. Similarly, special Silver Certificates were issued for use by U.S. troops during the invasion of North Africa in November 1942.
The one-dollar silver certificate was issued by the United States in 1899. [7] The first Black Eagle notes began arriving at banks in January 1899. [7] When the BEP identified mistakes in the printing of the 1899 Black Eagle, they printed replacement notes that had a star preceding the serial number on the obverse.
On June 25, 1942, new overprinted notes were first issued. Series 1935A $1 silver certificate, Series 1934 $5 and $20 Federal Reserve Notes, and Series 1934A $5, $10, and $20 Federal Reserve Notes from the Federal Reserve Bank of San Francisco were issued with brown treasury seals and serial numbers.