The currency issued in the United States during the specified year and under a particular authority represents a distinct form of paper money. It signified a promise by the U.S. Treasury to pay the bearer one silver dollar. This type of note circulated widely as legal tender during its period of issuance.
These certificates hold significance both historically and among collectors. Their value derives not just from their face value but also from their age, condition, series, signatures, and any printing errors. They reflect a period when U.S. currency was directly tied to a specific amount of silver, offering insights into the economic policies and monetary standards of that era. These notes also serve as tangible artifacts representing a shift in US fiscal history, before the complete abandonment of the silver standard.