The blue seal and markings denote this as a silver certificate , a type of note that guaranteed that it could be exchanged for a like face value amount of silver coin, making it slightly more desirable than most other types on notes available at the time. Unfortunately, as the price of silver increased to the point where silver was worth more than the face value of the coins, people started preferring silver certificates over treasury or reserve bank notes, since the blue-seals allowed the customer to decline other notes or base metal coins like cents or nickels to get silver coins which could them be sold for profit as bullion.
That also goes for any combination of letters like B or F. These can be bought by the s at shows or coin shops. They are no where near rare enough to be collectible. The small premium they do command is just a result of the curiosity factor. There are some rare star notes from those years.
Star Notes are no longer used for this. Star Notes occasionally replaced notes from a different series, as well. The number of Star Notes produced for a series depends on the number of printed bills found to be defective. In new, smaller notes would be issued. These notes were part of the government effort to make use of the vast silver deposits of the western United States.
Though not specifically redeemable in specie these notes carry text stating that they are acceptable at par by the government as payment. The early 20th century was a time of reflection on the past by Americans as evidenced by the celebrations of Columbus in , Jamestown in and Plymouth in This note's engraving of the landing of Columbus is therefore unsurprising.
Superlative examples are of course worth more. The central motif of a pioneer farmer with dog and family has long captivated collectors. This required that the Treasury maintain stocks of silver dollars to back and redeem the silver certificates in circulation.
Beginning with the Series silver certificates the wording was changed to "This certifies that there is on deposit in the Treasury of the United States of America X dollars in silver payable to the bearer on demand.
One supposes that if a genuine note with the serial number ever were to show up that it is likely to cause quite a stir among dealers and collectors who have grown weary of answering questions regarding this particular replica. For silver certificates this asterisk appears at the beginning of the serial number. Any note from or should considered to be scarce.
I would be happy to help answer any questions you might have about your silver certificate. Today Union notes are much rarer than most Confederate issues. He currently serves as treasurer of the Professional Currency Dealers Association.
Any silver certificate from or is extremely common. Initially this silver would have been from the rich Comstock Lode discovered in Nevada in the s. As to value, no silver certificate has ever been de-monetized; the notes are still legal tender worth their face value and can be spent anywhere in the US. Despite the printed date, series notes were still being printed into the s in many different letter-series indicating distribution and blocks indicating the signatures of the Treasury officials during that print run. Further public agitation for silver use was driven by fear that there was not enough money in the community.
The early 20th century was a time of reflection on the past by Americans as evidenced by the celebrations of Columbus in , Jamestown in and Plymouth in To finance the war both North and South turned to paper currency issues.
So what is the value of a Star Note? He currently serves as treasurer of the Professional Currency Dealers Association. The number of Star Notes produced for a series depends on the number of printed bills found to be defective.
The central motif of a pioneer farmer with dog and family has long captivated collectors. After , silver certificates could no longer be redeemed for silver and were functionally the same as other forms of paper money. Thus some of the dated one dollar certificates were issued as late as People began to refer to the passage of the Act as the Crime of ' A Star Note is a bank note minted to replace a defective note that was not fit for circulation. Tens were printed for , , and
Unlike the contemporary Confederate issues, the Union notes were printed in smaller numbers with better specie backing. As was usual with currency during this period, the year date on the bill did not reflect when it was printed, but rather a major design change. Kelly, is a must for research on this series of notes.