This currency, issued by the United States government, represents a specific denomination of paper money circulated during the 1930s. Its defining characteristic is the promise printed on the face, indicating that it is redeemable for silver coin or silver bullion. These notes were distributed as part of a broader monetary policy aimed at stabilizing the economy during the Great Depression.
The significance of this particular type of currency lies in its historical context. It reflects a time when paper money was directly tied to a precious metal, offering a perceived stability and intrinsic value. The notes serve as tangible reminders of past economic challenges and government interventions designed to address them. Collectors and historians value these for their rarity, historical relevance, and the insights they provide into the economic policies of the era.