This term refers to a specific type of United States currency issued as part of the 1935 series of Silver Certificates. The “D” signifies the particular series within that year, denoting changes or modifications made to the printing or design of the note. These certificates were redeemable for silver dollar coins or silver bullion, a promise printed directly on the bill itself.
These notes hold significance for collectors due to their historical context, reflecting a time when currency was directly tied to precious metals. The value of a specific example depends on factors like condition, rarity of the “D” series within the 1935 issuance, and any unique features or errors present. Their production occurred during a pivotal period in American monetary history, offering insights into the government’s financial policies of the era.
Understanding the features, grading criteria, and historical backdrop are crucial for anyone interested in collecting or investing in such vintage currency. Further research into mintage figures, signature varieties, and common errors can enhance one’s appreciation and knowledge of this fascinating aspect of numismatics.
1. Redeemable for silver
The phrase “Redeemable for silver” is intrinsically linked to the Series 1935 D Silver Certificate. This inscription represents a core promise made by the United States government, defining the currency’s intrinsic value and historical significance. Its presence shaped public confidence and distinguished these notes from fiat currency systems.
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The Promise of Redemption
The statement “Redeemable for silver” was not merely decorative; it constituted a legal obligation. Holders of the certificate could, in theory, present it to the U.S. Treasury and receive silver dollar coins or silver bullion in exchange. This direct convertibility tied the paper currency to a tangible commodity, lending it stability and credibility during a time of economic uncertainty.
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Impact on Public Confidence
During the Great Depression, faith in financial institutions and paper money wavered. The “Redeemable for silver” provision served as a psychological anchor, assuring citizens that their currency possessed inherent value. This perception contributed to the widespread acceptance and circulation of the Series 1935 D Silver Certificate.
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The End of Redemption
The direct convertibility of silver certificates to silver ended in 1968. This decision marked a shift away from a commodity-backed currency system and towards a fiat system, where the value of money is based on government decree rather than tangible assets. The Series 1935 D Silver Certificate, therefore, represents a transitional period in American monetary history.
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Collector Value and Rarity
The “Redeemable for silver” designation contributes to the collector value of these certificates. As tangible reminders of a bygone era of commodity-backed currency, they attract numismatists and historians interested in understanding the evolution of money and the relationship between government, citizens, and tangible assets. The condition and rarity of a specific Series 1935 D note further enhance its desirability among collectors.
In summary, the “Redeemable for silver” inscription on the Series 1935 D Silver Certificate is not just a phrase, but a reflection of a specific era in U.S. monetary policy. It demonstrates a commitment to tangible value and contributes to the historical significance and collectibility of these notes.
2. “D” Series Designation
The “D” series designation within the context of the 1935 Silver Certificate issue indicates a specific printing series differentiated by certain variations. It serves as a crucial marker for identifying and classifying these notes, impacting their collectibility and valuation.
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Identification and Classification
The letter designation, such as “D,” follows the year of issue and distinguishes notes with minor alterations, signature combinations, or other unique characteristics specific to that particular printing run. Without this designation, accurately cataloging and differentiating various 1935 series notes becomes significantly more difficult.
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Signature Variations
One of the primary reasons for different series designations within the same year is changes in the signatures of the Treasurer and/or Secretary of the Treasury. For instance, a “D” series might feature a specific combination of signatures that differs from the “A,” “B,” or “C” series. These combinations are documented and sought after by collectors.
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Printing Plates and Production Runs
The “D” designation can also indicate a specific set of printing plates used during the production run. Differences in plate numbers, subtle design variations, or the presence of errors associated with particular plates are often linked to specific series designations. Collectors often seek notes with specific plate numbers or identifiable printing flaws.
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Rarity and Valuation
The “D” series designation plays a significant role in determining the rarity and, consequently, the value of a 1935 Silver Certificate. Mintage figures varied across different series, making some scarcer than others. A “D” series note in excellent condition from a low-mintage printing run can command a premium among collectors compared to a more common series.
In conclusion, the “D” series designation on a 1935 Silver Certificate provides essential information about its origin, characteristics, and potential value. Understanding the nuances of this designation is crucial for collectors and numismatists seeking to accurately identify, classify, and appreciate the historical significance of these notes.
3. 1935 Printing Year
The “1935 Printing Year” is a critical component defining a specific group of United States Silver Certificates, including the series designated as “D.” This year of printing directly links the certificate to a period of significant economic transition in the United States, providing crucial context for understanding its function and value. The year signifies the specific economic and political climate under which these notes were issued, impacting public trust and confidence in the currency itself. For example, the ongoing effects of the Great Depression influenced design choices and the perceived importance of features like the promise of redemption in silver.
Understanding the “1935 Printing Year” allows for accurate categorization and authentication. Counterfeit currency is often identified through inconsistencies related to design elements specific to this year. Furthermore, knowledge of the 1935 series enables collectors and historians to study the evolving monetary policies of the era and track variations in printing techniques or signature combinations. The signature combinations found on the “D” series, for example, are consistent with officials holding office during that specific period, offering a verifiable marker.
In conclusion, the “1935 Printing Year” is not merely a date; it is an integral attribute of these certificates that provides historical context, aids in authentication, and connects the notes to the prevailing economic conditions of the time. This understanding is essential for numismatists, historians, and anyone interested in the tangible representation of a specific moment in American financial history, highlighting the series’ distinctive and historically grounded attributes.
4. Blue Seal Treasury
The “Blue Seal Treasury” designation is an integral characteristic of the Series 1935 D Silver Certificate, serving as a visual identifier and a link to the note’s function within the U.S. financial system. The color and placement of the seal are consistent across the series, representing the Treasury Department’s authority and guarantee.
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Identification and Authenticity
The blue color distinguishes Silver Certificates from other types of U.S. currency, such as Federal Reserve Notes (green seal) or United States Notes (red seal). The distinct hue and design of the seal, including the surrounding inscription “The United States of America,” serve as a primary visual cue for verifying authenticity. Any deviations from the standard appearance raise suspicion of counterfeiting.
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Treasury Department Guarantee
The “Blue Seal Treasury” explicitly connects the Silver Certificate to the U.S. Treasury Department, the government entity responsible for issuing and backing the currency. The presence of the seal signifies the Treasury’s pledge to redeem the certificate for its face value in silver or silver dollars (until redemption was discontinued in 1968). This governmental backing instilled public confidence in the value of the currency during its circulation.
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Consistent Design Element
While other aspects of the Series 1935 D Silver Certificate, such as signatures or plate positions, might vary, the “Blue Seal Treasury” maintains a consistent design and placement. This consistency simplifies identification and classification of the notes within the series. The seal’s locationtypically on the right-hand side of the noteand its surrounding elements remain constant, providing a reliable reference point.
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Historical Significance
The “Blue Seal Treasury” is more than just a design element; it represents a specific period in American monetary history when currency was directly linked to precious metals. The seal serves as a visual reminder of the government’s commitment to maintaining a silver standard, a policy that influenced economic activity and public perception of the currency during the 1930s and subsequent decades. Collectors and historians value the “Blue Seal Treasury” as a tangible symbol of this historical context.
The “Blue Seal Treasury” on the Series 1935 D Silver Certificate embodies the confluence of governmental authority, a promise of redemption, and a consistent visual marker. Its presence is fundamental to understanding the note’s place in American monetary history and its significance to collectors today.
5. Signatures
The signature combination “Priest-Humphrey” on a Series 1935 D Silver Certificate represents a specific pairing of officials who held the offices of Treasurer of the United States and Secretary of the Treasury during that period. This signature pairing helps to uniquely identify and authenticate notes within the series and provides a direct link to the government administration at the time of issue.
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Identification Marker
The presence of Julian L. Priest’s signature as Treasurer and Henry Morgenthau Jr. Humphrey’s signature as Secretary of the Treasury definitively places a note within a specific timeframe. Examining signature combinations is critical for differentiating various series within the broader 1935 Silver Certificate releases. For example, notes with different signature pairings indicate they were printed under different administrations or periods of office within that year.
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Authenticity Verification
Correct signature combinations serve as an initial check for authenticity. Collectors and dealers use known signature pairings to flag potential counterfeit notes. A Series 1935 D Silver Certificate bearing a signature combination that does not align with historical records would raise a red flag. Reference materials and numismatic databases detail valid signature pairings for each series and year.
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Historical Context
The Priest-Humphrey signatures connect the Series 1935 D Silver Certificate to a particular period in American history, during the administration of President Franklin D. Roosevelt and the ongoing efforts to combat the Great Depression. These officials were responsible for managing the nation’s finances during a time of significant economic and social upheaval. Their signatures on the currency serve as a tangible link to that era.
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Collector Value
While the Priest-Humphrey signature combination is common on Series 1935 D Silver Certificates, its presence is a necessary condition for a note to be considered genuine. The condition of the signatures, as well as the overall condition of the note, significantly impacts its value to collectors. Clear, well-preserved signatures are generally preferred and contribute to a higher grade and increased value.
In conclusion, the “Priest-Humphrey” signature combination is not merely a decorative element on the Series 1935 D Silver Certificate. It serves as a key identifier, a tool for verifying authenticity, a connection to a specific historical period, and a factor influencing collector value. Understanding the significance of this signature pairing is essential for anyone interested in collecting or studying this particular type of U.S. currency.
6. Historical Currency
The term “Historical Currency” provides a framework for understanding the significance of the Series 1935 D Silver Certificate beyond its face value. It emphasizes the note’s role as a tangible artifact reflecting past economic policies, social conditions, and technological capabilities, making it a subject of interest for collectors, historians, and researchers alike.
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Economic Context
The Series 1935 D Silver Certificate was issued during the Great Depression, a period of immense economic hardship. Its design, featuring the promise to redeem it for silver, reflects the government’s attempt to stabilize the currency and restore public confidence. The note serves as a physical reminder of the economic challenges and monetary policies of that era.
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Technological and Artistic Evolution
The printing techniques used to produce the Series 1935 D Silver Certificate represent the state of the art in currency production at the time. Examining the intricate details of the engraving, the security features designed to prevent counterfeiting, and the paper quality provides insights into the technological capabilities of the era. The artistic design also reflects prevailing aesthetic trends and national symbolism.
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Governmental Policy and Regulation
The Series 1935 D Silver Certificate exemplifies the government’s role in regulating currency and maintaining a stable monetary system. The presence of the Treasury Seal, the signatures of government officials, and the legal tender statement all underscore the government’s authority and responsibility. The decision to discontinue silver redemption in 1968 further highlights the evolving nature of monetary policy.
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Social and Cultural Significance
Currency often reflects the values and priorities of a society. The images and symbols depicted on the Series 1935 D Silver Certificate, such as George Washington’s portrait, represent American ideals and historical figures. The note’s circulation and use also reflect the social and economic interactions of the time. The notes, often passed from hand to hand, connect to personal stories and everyday transactions of people living in that era.
By viewing the Series 1935 D Silver Certificate as “Historical Currency,” one gains a deeper appreciation for its multifaceted significance. It becomes more than just a piece of paper; it transforms into a window into the past, offering insights into the economic, technological, political, and social forces that shaped the United States during the 20th century. The note’s survival and continued study provide a valuable link to understanding the nation’s financial history and its evolution into the present day.
Frequently Asked Questions
This section addresses common inquiries regarding the Series 1935 D Silver Certificate, offering clarity on its attributes, valuation, and historical context.
Question 1: What distinguishes a Series 1935 D Silver Certificate from other Silver Certificates?
The “D” designation signifies a specific printing series within the 1935 issuance. This often correlates to specific signature combinations of the Treasurer and Secretary of the Treasury, as well as subtle variations in plate positions or printing characteristics. Without the “D” designation, distinguishing specific notes within the 1935 series becomes considerably difficult.
Question 2: Is a Series 1935 D Silver Certificate still redeemable for silver?
No, the redemption of Silver Certificates for silver dollars or silver bullion ended in 1968. While the certificates retain numismatic value, they no longer hold any monetary value based on the price of silver.
Question 3: How does condition affect the value of a Series 1935 D Silver Certificate?
Condition is a primary determinant of value. Notes in uncirculated condition, exhibiting no signs of wear, folds, or damage, command significantly higher prices than those in circulated condition. Grading services objectively assess and certify the condition of banknotes, providing a standardized measure of their quality.
Question 4: What signature combinations are found on Series 1935 D Silver Certificates?
The most common signature combination found on Series 1935 D Silver Certificates is that of Treasurer Julian L. Priest and Secretary of the Treasury Henry Morgenthau Jr. These signatures represent the individuals holding those offices during the specific period when these notes were printed.
Question 5: Are there any known errors or varieties associated with the Series 1935 D Silver Certificate?
Yes, like all currency, Series 1935 D Silver Certificates can exhibit printing errors, such as ink smudges, misaligned overprints, or paper imperfections. Specific plate varieties, identified by unique markings or characteristics, are also sought after by collectors. Documented errors and varieties can significantly enhance a note’s value.
Question 6: How can one authenticate a Series 1935 D Silver Certificate?
Authentication involves careful examination of several features, including the paper quality, the sharpness of the printing, the accuracy of the design elements, the presence of security threads, and the correct signature combinations. Comparing a suspect note to known genuine examples and consulting with a reputable numismatist are recommended for confirmation.
The Series 1935 D Silver Certificate remains a tangible link to a transformative period in American monetary history. Its value extends beyond its original face value, reflecting its unique attributes, historical context, and collectibility.
The subsequent sections will explore factors that can impact the value of the Series 1935 D Silver Certificate, including specific characteristics and grading criteria.
Tips for Collectors and Investors
This section offers guidance for those interested in collecting or investing in the Series 1935 D Silver Certificate, focusing on factors that influence value and strategies for informed decision-making.
Tip 1: Prioritize Condition. The grade of a note significantly impacts its market value. Uncirculated examples command a premium, while heavily circulated notes possess less value. Understand grading standards and use reputable grading services for accurate assessment.
Tip 2: Research Signature Varieties. Although Priest-Humphrey is the most common signature combination for the Series 1935 D, subtle variations can exist. Consult numismatic references to identify potential rarities or anomalies within this category.
Tip 3: Examine for Errors. Printing errors, such as misprints, ink smudges, or cutting errors, can increase a note’s desirability. Scrutinize notes carefully for any deviations from the standard design. Consult with experts to verify the authenticity and significance of any perceived error.
Tip 4: Understand Mintage Figures. The number of Series 1935 D Silver Certificates printed influences scarcity. Lower mintage figures generally translate to higher values, especially for notes in excellent condition. Research historical production data to assess potential rarity.
Tip 5: Be Wary of Counterfeits. Counterfeit notes exist. Familiarize yourself with the security features of genuine Series 1935 D Silver Certificates, including the paper quality, printing sharpness, and seal details. Use reputable dealers and authentication services to mitigate risk.
Tip 6: Consider Long-Term Trends. Numismatic values fluctuate. Monitor market trends, collector demand, and economic conditions to inform investment decisions. Consult with experienced collectors or financial advisors before making significant purchases.
The value of a Series 1935 D Silver Certificate is determined by a combination of factors. Diligence in research and authentication processes is crucial for maximizing returns and avoiding potential pitfalls.
The following section will conclude this discussion, summarizing the key insights gained from exploring the Series 1935 D Silver Certificate.
Conclusion
The preceding exploration of the Series 1935 D Silver Certificate reveals a currency item rich in historical and numismatic significance. From its grounding in silver redemption to its unique “D” series designation and the signatures of Priest and Humphrey, each aspect contributes to its value and place within U.S. monetary history. Further, understanding the blue treasury seal, the note’s production year, and its essential characteristics provides context for its collectibility and investment potential.
The Series 1935 D Silver Certificate warrants continued study and appreciation. Its value extends beyond its initial function as currency, serving as a tangible link to a transformative period in American economic history. Collectors and investors are encouraged to continue their research and due diligence in order to fully understand and appreciate the complexities of this note. The Series 1935 D Silver Certificate offers an ongoing engagement with the past.
