1935 E $1 Silver Certificate Bank Note Heavily Circulated

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 Fourth Coinage Act, which had effectively placed the United States on a gold standard. The certificates were initially redeemable for their face value of silver dollar coins and later (for one year from June 24, 1967, to June 24, 1968) in raw silver bullion. Since 1968 they have been redeemable only in Federal Reserve Notes and are thus obsolete, but still valid legal tender at their face value and thus are still an accepted form of currency.

1935 dated one dollar certificates lasted through the letter “H”, after which new printing processes began the 1957 series. In some cases printing plates were used until they wore out, even though newer ones were also producing notes, so the sequencing of signatures may not always be chronological. Thus some of the 1935 dated one dollar certificates were issued as late as 1963. As a series “E” this is one of the last U.S. one dollar bills to NOT bear the motto “In God We Trust,” issued during the Great Depression and a certificate of Legal Tender from the Silent Generation.

The wear on this bill makes it less valuable than an un-circulated collectible, but just imagine how much of history it witnessed.