The Value of the 1923 $1 Silver Certificate

Introduction

The 1923 $1 silver certificate holds a significant place in the history of United States currency. It is the most commonly found large-size note, with millions in circulation during its time and thousands still existing today.

Types of 1923 $1 Silver Certificates

There are three main types of 1923 $1 silver certificates, depending on the signatures and serial numbers:

• Signed By: Speelman & White (non-star serial number) – commonly found
• Signed By: Speelman & White (star note) – somewhat common
• Signed By: Woods & White (non-star serial number) – commonly found
• Signed By: Woods & White (star note) – somewhat common
• Signed By: Woods & Tate (non-star serial number) – somewhat common
• Signed By: Woods & Tate (star note) – very rare

Now that you have a basic understanding, let’s dive into more details.

Nickname: “Horse Blanket”

These large-size notes are sometimes referred to as “horse blankets” due to their size, which was large enough to cover the back of a horse. While the term is not exclusive to the 1923 $1 silver certificates, it’s a fun fact to know.

Other Facts

• The 1923 $1 bill features George Washington.
• Some 1923 $1 bills were issued with a red seal, making them rarer as a type of legal tender.
• 1923 marks the final year of printing large-size money.
• There are numerous letter combinations for serial numbers, with none considered rare or more valuable than others.
• Low serial number notes, especially those under 100, can command a premium.

Values and Grading

The condition of a 1923 $1 silver certificate plays a crucial role in determining its value. Additionally, understanding the specific type among the six mentioned earlier is vital. Let’s focus on the common types for now.

• Choice Uncirculated or Better: These notes are in pristine condition, without any folds, and have crisp white paper. They generally sell for around $100.
• Extremely Fine to About Uncirculated: Expect to spend approximately $50 for a well-preserved 1923 $1 bill with a few folds.
• Very Fine: Notes in very fine condition show signs of circulation but maintain crisp and relatively clean paper. On platforms like eBay, you can find visually appealing very fine 1923 $1 silver certificates for around $35.
• Fine and Lower: The most common condition encountered at flea markets and coin shops, these notes are worth about $10. They exhibit toning, a softer texture from multiple folds, and may have issues like rust, writing, or tears. These are budget-friendly options.

Appraisal and Offers

If you own one of the rarer 1923 $1 silver certificates, we are interested in purchasing them. We can also provide appraisals. Kindly send scans or digital photos of your bill to [email protected] to get started.

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