1935A $1 North Africa Silver Certificate Fr. 2306 PCGS Ch New 63 PPQ

$240.00 USD

A very interesting and popular collected bill. Very choice quality with great borders and color. Scarce.

Silver certificates are a type of representative money issued between 1878 and 1964 in the United States as part of its circulation of paper currency. They were produced in response to silver agitation by citizens who were angered by the Fourth Coinage Act, which had effectively placed the United States on a gold standard. The certificates were initially redeemable for their face value of silver dollar coins. Since 1968 they have been redeemable only in Federal Reserve Notes and are thus obsolete, but still valid legal tender and thus are still an accepted form of currency.

Yellow seal silver certificates are commonly called North Africa notes by currency collectors. North Africa notes consist of the series of 1935A $1 note, series of 1934A $5 note, series of 1934 $10 note, and the series of 1934A $10 note – all of which have a yellow seal. In 1942 the United States troops were heavily involved in the North Africa campaign of World War II. All of the soldiers were paid in cash for their services. Just like with the Hawaii notes, the American government was worried that the American money supply in North Africa could be taken over by a German attack. In response to this worry, all military personnel were paid with one, five, and ten dollar silver certificates with a yellow seal. This action was taken so that any silver certificate with a yellow seal could be devalued if the Germans did in fact capture the money.

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