Educational Note $1 Silver Certificate
A fellow collector recently upgraded one of his notes and offered me the one he previously had. I couldn't say no. This note has been on my list since I started collecting paper currency. Its a beautiful note looking much better than the XF40. It does have a minor repair which made the price a little nicer.
What can we say...
The obverse of these notes depict a neoclassical allegorical motif, with the $1 representing history instructing youth. The motifs are representations of the theme written on the note. The back contained of each note has the profiles of two American figures set against an ornate background.
Denominations of $1, $2, and $5 were produced. In addition to $1, $2 and $5 notes denominations of $10, $20, $50, $100, $500 and $1000 were also planned. Designs for a $10 and $50 denomination were being prepared but were never completed or produced before the series was abandoned and replaced by the series of 1899.
The term "Educational" is derived from the title of the vignette on the $1 note, ''History Instructing Youth.''