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€ 313,00

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1928 "FUNNY BACK" Silver Certificate in XF+ Condition!

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Product ID: 43100386

Brand:

military issue

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About the item

Only silver certificate with this unique design..
No rips, tears, stains or pinholes..
Great condition for an 80+ year old note!.

In 1928, the United States Treasury decided to reduce the size of its currency in order to speed up transactions, and also to cut costs. By this time, the Federal Reserve had taken over much of the currency market, and the prices of gold and silver had risen greatly. For Series 1928, only $1 Silver Certificates were produced. Fives and tens of this time were mainly Federal Reserve Notes, which were backed by and redeemable in gold. All this would change, however, with the beginning of the Great Depression in October 1929. The United States was plunged into an economic disaster of profound proportions. Many citizens blamed the fluctuating price of gold, which directly affected the U.S. dollar because it was pegged to the value of gold. These notes typically retail for nearly $100 as they are becoming increasingly rare.

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