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- Product ID: 52192
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The 1928A $1 Silver Certificate, graded 64PPQ by Legacy, represents a crucial element of U.S. monetary history, especially noteworthy for being part of the early transition to the small-size currency system that began in 1928. This series, including the slightly modified 'A' variant, exemplifies the U.S. Treasury's ongoing efforts to refine the design and security features of its currency in response to both technological advancements and economic necessities of the time.
Originally, silver certificates were introduced in the 1870s as part of the government's commitment to bimetallism, allowing holders to exchange their notes for silver coins or bullion. By 1928, the purpose and use of silver certificates were well established, and the introduction of the small-size note was driven by practical considerations for more convenient handling and improved anti-counterfeiting measures. The 'A' series adjustments were minor but meaningful, reflecting subtle tweaks in the printing process or in the details of the security features.
The design of the 1928A $1 Silver Certificate adheres closely to that of the 1928 series. The obverse features a prominent portrait of George Washington, centered and surrounded by ornate engravings that were typical of the period's banknote design. This portrait, a symbol of stability and trust, is flanked by blue serial numbers and a blue treasury seal, identifying it clearly as a silver certificate. The words "Silver Certificate" are printed at the top, and the phrase "ONE DOLLAR" is displayed below the portrait, all set against a complex pattern of fine lines and geometric shapes that enhance the note's security.
The reverse of the note is straightforward yet elegantly designed, featuring the denomination in large numerals at the center, bordered by intricate guilloche patterns that are both aesthetically pleasing and functionally deterrent to counterfeiting. This simplicity in design underscores the utilitarian purpose of the note while maintaining the high artistic standards of American currency at the time.
In terms of condition, this 1928A $1 Silver Certificate's rating of 64PPQ indicates an exceptionally high quality of preservation. The designation 'PPQ' (Premium Paper Quality) suggests that the note has maintained its original crispness, firmness, and detailed embossing without any signs of circulation wear such as folds, creases, or smudges. The ink remains vibrant, and the paper quality is superior, factors that are critically important for collectors and contribute significantly to the note’s value.
While detailed mintage figures for the 1928A series are not commonly available, it is understood that these notes were produced in significant but not excessive quantities. The Bureau of Engraving and Printing was responsible for their production, employing meticulous standards to ensure the integrity and longevity of the currency. The limited production run of the 'A' series, combined with their historical significance and high-grade preservation, makes these notes particularly desirable to collectors and historians alike.
Overall, the 1928A $1 Silver Certificate 64PPQ Legacy is more than just a financial instrument; it is a piece of historical art. It reflects the careful balance between tradition and innovation that characterized the late 1920s U.S. monetary policy. For collectors, this note offers not only a glimpse into the past economic and artistic endeavors but also an investment in the preservation of a bygone era of American currency design and production.