After the attacks on Pearl Harbor in 1935, the U.S. Government issued these "Hawaiian Overstrike Notes." These notes have the word "Hawaii" printed obviously on the front and back of the note. This was done in the event that the Japanese would capture Hawaii and take U.S. money from the island. In this event, the currency could be easily identified and deemed worthless. These WWII notes are highly sought after by collectors, especially those with Julian-Morgenthau's signature like these!
United States currency has gone through quite a few changes over the years, including the discontinuation of the silver certificate. Americans were unhappy with the Fourth Coinage Act of 1873, which limited currency to gold only. By 1875, businesses who wanted the bimetal standard for currency restored began investing in silver, and silver-rich states sent their congressional representatives to lobby for their state’s main resource.
On February 28, 1878, the dispute ended when the Bland-Allison Act was passed, requiring the U.S. Treasury to put a set amount of silver into circulation as silver dollars. The first silver dollars, called silver certificate dollars, were placed in circulation with several denominations. Small-value silver certificates worth $1 were issued in various years including 1935 and could be redeemed for silver coins or bouillon.
Design of the 1935 Silver Certificate
The 1935 silver certificate is the same size as $1 bills today but the design has several differences including the blue-colored Great Seal on the right side of the bill. They’re considered the most artistic currency of the U.S. Treasury. Acclaimed American artists created the design for the printing plate. The 1935 silver certificate featured the “All-Seeing Eye” on top of the pyramid on the left.
1935 Silver Certificate Value
The plates for the 1935 silver certificate were changed to make the back plate numbers larger, designating it a 1935A note. Instead of throwing the original plates away, the front was printed with the original plate but the back was printed with the new plate. These notes are called mules and were only printed for a short period. Because the 1935 mule notes are scarce, they're worth more money than the regulation notes.
While 1935 silver certificates can be used at face value, the 1935 mule silver certificate value can be anywhere from $500 to several-thousand dollars depending on the condition of the note. It carries less value than other rare issues such as the wide design 1935D $1 silver certificate.