This specific series of United States currency represents a tangible promise from the government to redeem the note for one silver dollar or an equivalent amount of silver. Issued as part of the silver certificate program, it reflects a period when paper money was directly tied to a precious metal, assuring holders of its intrinsic value. The “E” designation signifies a particular series within the 1935 issuance, with signatures of the Treasurer and Secretary of the Treasury varying across different series within the same year.
Its significance stems from its historical context. It reflects a time when currency stability was paramount, and the backing by silver provided a sense of security to the public. Furthermore, these certificates are of interest to collectors due to their limited availability, variations in signature combinations, and potential for errors or unique features. Their survival and condition contribute to their worth, making them a valuable artifact from a specific economic era.