In the early 1900s, US currency was still backed by the Gold Standard, and circulating coinage was struck with a majority precious metal content such as silver. The Peace Dollar was struck from 1921-1935 to symbolize peace after WWI, and had an incredible 90% Silver content. At the time, there were also special notes known as silver certificates in circulation. These notes would have a face value like any other $1 bill, and also featured George Washington in the center. However, silver certificates had blue numbering on the obverse, and could be redeemed for a silver dollar at any time from a bank! Redemptions were discontinued in the 1960s once US currency was no longer backed by the value of silver and gold.
This set includes a 1923 Peace Dollar and a 1923 "Horse Blanket" Silver Certificate. The 1923 Silver Certificate is colloquially nicknamed the "horse blanket" note as it was a few inches larger in size than the current paper money in circulation - they were "big enough" to cover a horse! While not actually that large, this 1923 issue was the last year that notes were larger in size, as the size was reduced as a cost-cutting measure by the US Mint to the size we are all familiar with today. This is a very cool set to have - two forms of a silver dollar from the same year! Add this blast from the past set to your collection and learn from the numismatic history of the US today!
Highlights:
- Circulated condition
- Last Year of Issue note
- 90% Silver dollar
