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 – 24 June 1967 to 24 June 1968) in raw silver bullion. Eventually, in 1928, all United States bank notes were re-designed and the size reduced. Nicknamed Horse blanket is a term that is normally used to describe any large size note because they were so big they could be used to cover the back of a horse. Obviously there is a bit of hyperbole in that statement. Many people think that 1923 $1 silver certificates are called horse blankets exclusively. That is not true, but it is a good piece of information to know. Eastern Numismatics have purchase a small number of these large Certificates from the estate liquidation sale and would like to offer these speciments to our customers on first come first sold basis, while supplies last.
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