This listing is for one 1923 1 Dollar Silver Certificate, as pictured. Fr.237 - Speelman and White Signed. Lower in grade / condition, which is reflected in the lower price. *This note has several tears*
1923 was the last large-size U.S. $1 bill. It measures about 7-3/8 by 3-1/8 inches, or about 50 percent larger than todays paper currency.
It was replaced with the Series of 1928 $1 Silver Certificate; the size of todays paper currency. The note is so large that it has been colloquially called a horse blanket!
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 – 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.
1923 Silver Certificate Large Note 1 Dollar Bill - Cull Grade - Blue Seal - 1923 One Dollar Silver Cert - Fr.237 / Fr237 - Speelman / White