{"title":"Currency","description":"\u003cp\u003e\u003cstrong\u003e\u003cspan style=\"text-decoration: underline;\"\u003eCurrency\u003c\/span\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\u003cp\u003eUnited States currency is a more formal name for Paper Money. The United States first printed currency in 1861, to combat the coin shortages caused by the beginning of the American Civil War. Currency is essentially a promise (by the government) to pay a specific amount as represented by the denomination imprinted on the notes.\u003c\/p\u003e\r\n\u003cp\u003ePrior to the beginnings of US Government-backed notes, coins were struck to necessitate commerce. As the price of the underlying metal would rise and fall in the open market coins were hoarded or melted. Before our government was established in 1776, paper notes were printed by a number of the early Colonies and by the fledgling Continental Congress.\u003c\/p\u003e\r\n\u003cp\u003eFrom about 1810 until the 1860s, paper money was printed by banks, the majority of which went bankrupt or were taken over. These notes are called Broken Bank Notes or Obsoletes.\u003c\/p\u003e\r\n\u003cp\u003eWhen the Civil War began in 1861, both the Union and Confederate governments issued their own paper currency to pay the costs of the war including payments to their troops. As the Civil War wound down, very little coinage was left in circulation, so paper money had to be used. Confederate notes by 1864 had become fairly worthless and their value didn’t change for 100 years, until they became collectibles.\u003c\/p\u003e\r\n\u003cp\u003eDuring and after the Civil War, small size notes of less than $1.00 in face value were used instead of coinage and to purchase items like postage stamps. These collectible notes are called Fractional Currency.\u003c\/p\u003e\r\n\u003cp\u003eAfter the notes of the early 1860s the US government printed all types of notes with various backings – Treasury Notes, Silver Certificates, Gold Certificates, Legal Tender Notes, National Bank Notes, Federal Reserve Notes, and Federal Reserve Bank Notes. All of these notes were different in design, style and how they were backed.\u003c\/p\u003e\r\n\u003cp\u003eIn 1928, the actual size of the bank notes in use, were reduced to the size that we know and appreciate today. The notes were typically printed in $1, $2, $5, $10, $20, $50, $100, $500, $1,000 denominations. A limited number of $5,000 and $10,00 certificates were also printed but primarily used as payment between banks. They are exceedingly rare and expensive today. The last of the $500 and $1,000 Federal Reserve Notes were printed up to the 1950s, but still bore the 1934 date. These “High Denomination” command a strong premium today.\u003c\/p\u003e\r\n\u003cp\u003eSpecial World War II nots were printed with special markings in case the Japanese invaded the Hawaiian Islands or in case the Germans conquered and controlled all of North Africa. These specially printed notes could prohibit the conquering enemies from flooding the market with counterfeit US currency.\u003c\/p\u003e","products":[{"product_id":"1957-1-silver-certificate-au","title":"1957 $1 Silver Certificate AU","description":"\u003cp\u003eThe 1957 One Dollar Silver Certificate is a historical piece of American currency. Silver certificates were issued by the United States government as a form of paper currency that could be redeemed for actual silver. These silver certificates come in crisp AU condition. \u003c\/p\u003e\n\u003cp\u003e\u003cspan style=\"text-decoration: underline;\"\u003e\u003cstrong\u003eHistory of the Silver Certificate:\u003c\/strong\u003e\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003eThe Silver Purchase Act of 1934 authorized the Treasury to issue silver certificates, which were backed by and redeemable for silver. The purpose of issuing silver certificates was to provide a convenient way for the public to hold and use silver as a form of money. These certificates were initially issued in denominations of $1, $5, and $10. The design and wording on the certificates, such as \"ONE DOLLAR IN SILVER PAYABLE TO THE BEARER ON DEMAND,\" indicated that the holder could exchange the certificate for an equivalent amount of silver bullion. The issuance of silver certificates continued until the early 1960s when the United States began transitioning away from backing its currency with precious metals. By 1968, the ability to redeem silver certificates for silver was eliminated, and they became a form of fiat currency, with their value derived from government fiat rather than a specific commodity backing.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e*The Dollar pictured is only a representation of the Dollar you will receive, not the exact Dollar (serial numbers will vary).\u003c\/strong\u003e\u003c\/p\u003e","brand":"U.S. Mint","offers":[{"title":"Default Title","offer_id":44008508719238,"sku":"4066","price":14.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0625\/5312\/9094\/files\/1957-one-dollar-siver-certificate-au-obv__67560.1686069992.1280.1280.jpg?v=1779772935"},{"product_id":"1921-morgan-silver-dollar-1957-silver-certificate-au-condition","title":"1921 Morgan Silver Dollar \/ 1957 Silver Certificate AU Condition","description":"\u003cp\u003eThe 1921 Morgan Dollar is a United States silver coin that was minted from 1878 to 1904 and again in 1921. It is named after its designer, George T. Morgan. The coin is composed of 90% silver and 10% copper, with a diameter of 38.1mm. The Morgan Dollar is highly sought after by collectors due to its historical significance and aesthetic appeal.\u003c\/p\u003e\n\u003cp\u003eThe 1957 Silver Certificate is a form of paper currency issued by the United States government. Silver Certificates were used as a type of representative money that could be redeemed for silver bullion or silver dollars.\u003c\/p\u003e\n\u003cp\u003eBoth the 1921 Morgan Dollar and the 1957 Silver Certificate together showcase the difference between physical silver money and paper currency. The Morgan Dollar represents a tangible asset with intrinsic value due to its silver content, while the Silver Certificate represents a form of paper money that was once backed by silver. \u003c\/p\u003e\n\u003cp\u003e\u003cspan style=\"text-decoration: underline;\"\u003e\u003cstrong\u003eCoin Specifications:\u003c\/strong\u003e\u003c\/span\u003e\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eCondition: Uncirculated\u003c\/li\u003e\n\u003cli\u003eYear: 1921\u003c\/li\u003e\n\u003cli\u003eDenomination: $1.00\u003c\/li\u003e\n\u003cli\u003eDesigner: George T. Morgan\u003c\/li\u003e\n\u003cli\u003ePurity: 90%\u003c\/li\u003e\n\u003cli\u003eSilver Content: 0.715 Troy Oz\u003c\/li\u003e\n\u003cli\u003eDiameter: 38.1mm\u003c\/li\u003e\n\u003cli\u003eThickness: 3.1mm\u003c\/li\u003e\n\u003cli\u003eBrand: US Mint\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e*Coin and Dollar pictured are only a representation of the coin and Dollar you will receive.\u003c\/strong\u003e\u003c\/p\u003e","brand":"U.S. Mint","offers":[{"title":"Default Title","offer_id":44008508784774,"sku":"4067","price":59.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0625\/5312\/9094\/files\/1921-morgan-1957-one-dollar-siver-certificate-au-obv__59739.1686070934.1280.1280.jpg?v=1779772938"},{"product_id":"1957-one-dollar-silver-certificate-au","title":"1957 One Dollar Silver Certificate AU","description":"\u003cp\u003eThe 1957 One Dollar Silver Certificate is a historical piece of American currency. Silver certificates were issued by the United States government as a form of paper currency that could be redeemed for actual silver. These silver certificates come in crisp AU condition. \u003c\/p\u003e\n\u003cp\u003e\u003cspan style=\"text-decoration: underline;\"\u003e\u003cstrong\u003eHistory of the Silver Certificate:\u003c\/strong\u003e\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003eThe Silver Purchase Act of 1934 authorized the Treasury to issue silver certificates, which were backed by and redeemable for silver. The purpose of issuing silver certificates was to provide a convenient way for the public to hold and use silver as a form of money. These certificates were initially issued in denominations of $1, $5, and $10. The design and wording on the certificates, such as \"ONE DOLLAR IN SILVER PAYABLE TO THE BEARER ON DEMAND,\" indicated that the holder could exchange the certificate for an equivalent amount of silver bullion. The issuance of silver certificates continued until the early 1960s when the United States began transitioning away from backing its currency with precious metals. By 1968, the ability to redeem silver certificates for silver was eliminated, and they became a form of fiat currency, with their value derived from government fiat rather than a specific commodity backing.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e*The Dollar pictured is only a representation of the Dollar you will receive, not the exact Dollar (serial numbers will vary).\u003c\/strong\u003e\u003c\/p\u003e","brand":"U.S. Mint","offers":[{"title":"Default Title","offer_id":44011404492934,"sku":"4443","price":12.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0625\/5312\/9094\/files\/1957-dollar-silver-cert-obv__00341.1737060005.1280.1280.jpg?v=1779824102"},{"product_id":"1935-one-dollar-silver-certificate-au","title":"1935 One Dollar Silver Certificate AU","description":"\u003cp\u003eThe 1935 One Dollar Silver Certificate is a historical piece of American currency. Silver certificates were issued by the United States government as a form of paper currency that could be redeemed for actual silver. These silver certificates come in crisp AU condition. \u003c\/p\u003e\n\u003cp\u003e\u003cspan style=\"text-decoration: underline;\"\u003e\u003cstrong\u003eHistory of the Silver Certificate:\u003c\/strong\u003e\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003eThe Silver Purchase Act of 1934 authorized the Treasury to issue silver certificates, which were backed by and redeemable for silver. The purpose of issuing silver certificates was to provide a convenient way for the public to hold and use silver as a form of money. These certificates were initially issued in denominations of $1, $5, and $10. The design and wording on the certificates, such as \"ONE DOLLAR IN SILVER PAYABLE TO THE BEARER ON DEMAND,\" indicated that the holder could exchange the certificate for an equivalent amount of silver bullion. The issuance of silver certificates continued until the early 1960s, when the United States began transitioning away from backing its currency with precious metals. By 1968, the ability to redeem silver certificates for silver was eliminated, and they became a form of fiat currency, with their value derived from government fiat rather than a specific commodity backing.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e*The Dollar pictured is only a representation of the Dollar you will receive, not the exact Dollar (serial numbers will vary).\u003c\/strong\u003e\u003c\/p\u003e","brand":"U.S. Mint","offers":[{"title":"Default Title","offer_id":44011404591238,"sku":"4444","price":12.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0625\/5312\/9094\/files\/1935-dollar-silver-cert-obv__15769.1737127859.1280.1280.jpg?v=1779824105"},{"product_id":"1935-no-motto-1957-with-motto-1-silver-certificate-set","title":"1935 No Motto \u0026 1957 With Motto $1 Silver Certificate Set","description":"\u003cp\u003e\u003cstrong\u003e1935 No Motto \u0026amp; 1957 With Motto $1 Silver Certificate Set\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eThe 1935 and 1957 One Dollar Silver Certificates are a historical piece of American currency. Silver certificates were issued by the United States government as a form of paper currency that could be redeemed for actual silver. These silver certificates come in crisp AU condition. \u003c\/p\u003e\n\u003cp\u003e\u003cspan style=\"text-decoration: underline;\"\u003e\u003cstrong\u003eHistory of the Silver Certificate:\u003c\/strong\u003e\u003c\/span\u003e\u003c\/p\u003e\n\u003cp\u003eThe Silver Purchase Act of 1934 authorized the Treasury to issue silver certificates, which were backed by and redeemable for silver. The purpose of issuing silver certificates was to provide a convenient way for the public to hold and use silver as a form of money. These certificates were initially issued in denominations of $1, $5, and $10. The design and wording on the certificates, such as \"ONE DOLLAR IN SILVER PAYABLE TO THE BEARER ON DEMAND,\" indicated that the holder could exchange the certificate for an equivalent amount of silver bullion. The issuance of silver certificates continued until the early 1960s, when the United States began transitioning away from backing its currency with precious metals. By 1968, the ability to redeem silver certificates for silver was eliminated, and they became a form of fiat currency, with their value derived from government fiat rather than a specific commodity backing.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003e*The Dollar pictured is only a representation of the Dollar you will receive, not the exact Dollar (serial numbers will vary).\u003c\/strong\u003e\u003c\/p\u003e","brand":"U.S. Mint","offers":[{"title":"Default Title","offer_id":44011404755078,"sku":"4445","price":14.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0625\/5312\/9094\/files\/1935-57-dollar-silver-cert-obv__38381.1737136450.1280.1280.jpg?v=1779824112"}],"url":"https:\/\/lcrcoin.com\/collections\/currency.oembed?page=4","provider":"LCR Coin","version":"1.0","type":"link"}