A currency note issued by the United States Treasury, bearing a face value of ten dollars and authorized by the Silver Purchase Act of 1934, served as a form of paper money redeemable in silver coin. These notes, identifiable by their blue seal and serial numbers, represent a specific period in American monetary history where silver played a significant role in backing the nation’s currency. This particular denomination saw circulation during the mid-20th century.
The issuance of these certificates reflected the government’s attempt to stabilize the economy during the Great Depression by increasing the price of silver. They are of interest to collectors due to their historical context, variations in design, and relative scarcity depending on the specific series and condition. The intrinsic value may exceed its face value, driven by numismatic demand and the fluctuating price of silver.