1928 Silver Certificate $1 Funny Bak Currency
1928 Silver Certificate $1 Funny
As many collectors know, when the
Federal government?s first general circulation paper money was
issued to finance the Civil War it copied the size of bank
notes then circulating which were familiar to the public.
These notes measured 7.5 inches across and 3 1/8 inches high.
But after 60+ years printing currency, requirements for the
special paper on which the notes were printed had reached such
a level, that bean counters in the government figured they
could save a buck or two by reducing the size of these notes.
The feds had been experimenting with
printing smaller 6 1/4 by 2 5/8 Silver Certificates and
Treasury Certificates for the Philippines, which the U.S. had
acquired as a colony following the Spanish American War. These
?Philippine Size? notes were 60% smaller than the old large
size ?saddle blanket? notes. The Philippine bills were printed
at the Bureau of Engraving and Printing just like U.S. paper
money. Their faces said they were backed by U.S. gold coins,
and politicians referred to them as ?junior U.S. dollars.?
Their ready acceptance, and economy
attracted officials with sharp pencils trying to keep up with
burgeoning currency requirements. So Treasury secretary Andrew
W. Mellon called for new designs in a smaller form. In May
1927, Mellon approved the new designs, including the so-called
?Funny Back? for the One Dollar Legal Tender Notes (U.S.
Notes) and Silver Certificates. Other classes of currency
(Gold Certificates, National Currency) did not have the one
dollar denomination, and $1 Federal Reserve Notes did not
arise until 1963.
BEP engravers of the small size note
back mimicked the style of the back design used on the then
current large size dollars, creating ?generic? designs which
just said ONE DOLLAR but not specifying what kind of currency
(Silver Certificate, U.S. Note) a note was. This was
economical because it allowed the back design to be used on
several classes of currency, speeding up and simplifying
BEP presses began cranking out small
size U.S. currency beginning in 1928, and when sufficient
quantities were on hand, notes were released after the
beginning on the next Fiscal Year. These stream-lined bills
debuted July 10, 1929. First issued were Series 1928
Tate-Mellon Silver Certificates. More than 600 million were
printed. Five additional series (1928A, 1928B, 1928C, 1928D,
1928E) with a variety of signature combinations, due to
musical chairs in the Treasury Department, followed totalling
nearly three billion more bills.
This frequent turn over brought about
approval to overprint signatures rather than engrave them on
the high volume one dollar notes. So another ?Funny Back? note
Series of 1934 Silver Certificate with imprinted signatures of
Treasurer W.A. Julian and Treasury Secretary Henry Morgenthau
appeared. To accommodate this overprinting many of the design
features on the note face were rearranged.
However, the famous portrait of George
Washington after a painting by Gilbert Stuart, engraved in
1918 by BEP chief engraver G.F.C. ?Fred? Smillie. and the
?Funny Back? carried over.
Guaranteed Forensic Authenticators (GFA) certifies the grade and
authenticity of the following coin(s) is US minted rare coin and
is in Mint State Plus condition.
GFA guarantees your coin for up to one year from the date of
purchase, providing the coin('s) sonic sealed case or heat
sealed slip is not broken, cut, and/or tampered with in any way.
PAYMENT AND SHIPPING INFORMATION
By placing a bid on Always At Auction, you are entering into a legally binding contract and if you are the winning bidder, you agree to pay for your winning auction item(s). First time bidders are required to enter credit card information and make payment upon receipt of your winning bid email. Once your credit card is on file and you are a successful auction winner, your credit card will be automatically charged when the item ships. Failure to make payment for winning auctions will result in suspension and termination of your auction account. Please only place bids based on your ability and commitment to make payment.
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Products won on auction will be shipped within two business days after payment authorization for the item has been processed. Ground shipping delivery charges are calculated on the shipping weight of the item unless otherwise indicated in the product's descriptive copy.
The listed shipping charge covers auction products shipped to the 50 United States, and to APO/FPO addresses.
Sorry, we can not ship to foreign addresses - orders shipping to foreign addresses will be AUTOMATICALLY CANCELLED, and items relisted.
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||We accept Mastercard, VISA, American Express and Discover Cards
||We are required to collect a 8.25% sales tax on merchandise (including shipping charges) sold and delivered to address in the state of Texas.
OUR WINNING EXPERIENCE
We strive to offer our customers a Winning Experience with quality products, great values, and exceptional service. We provide detailed product descriptions and product pictures to help you make an educated and informed decision about your purchase. All merchandise is guaranteed to be as described in our product description. If you receive an item that is not as described, you may return the item for a complete merchandise refund.
+ We offer a 100% merchandise guarantee if the product is not as described in the auction listing.
+ In the unlikely event you need to return an item, you must contact our Customer Service team within 15 days of receiving your merchandise and request a Return Authorization.
+ Some return restrictions may apply and some returns may be subject to a 15% restocking fee.
+ Shipping and handling fees are not refundable.
+ Coins must be returned in their unopened sonic-sealed case or heat-sealed slip or they will be returned to the customer without a refund.
See our Return Policy in our Help Section for more details on how to return an item.
* Manufacture warranty supersedes our return policy on defective merchandise when applicable. Unless specifically stated in the item's Product Description, the item is being auctioned and sold "as is" with no warranty.
** A 15% re-stocking fee may be charged on items that are returned and are in a condition as originally described in the auction listing.
Customer Service Email: click here
Customer Service Phone: 1-800-322-7315 Option 1
Important: By placing a bid on Always At Auction, you are entering into a legally binding contract, and if you are the winning bidder, you agree to pay for your winning auction item(s).If you are a first time bidder, you will be required to enter credit card information and make payment upon receipt of your winning bid email. Once your credit card is on file and you are a successful auction winner, your credit card will be automatically charged when the item ships. Failure to make payment for winning auctions will result in suspension and termination of your auction account. Please only place bids based on your ability and commitment to make payment.
Credit Card Orders that are "Declined" will be CANCELLED, and items relisted. The name on the auction and credit card must be the same.
Please verify that the Billing Address you provide matches the Billing Address on file with your Credit Card Company. The Credit Card Security system will DENY AUTHORIZATION if these two addresses do not match.
Debit Cards are not accepted as a method of verification or payment. To update your credit card information, select My Account and select Update Credit Card.
What is Proxy Bidding?
Proxy bidding is a convenient way to automatically bid on your items without having to continually return to your computer to check on your auctions. A Proxy Bid is a bid automatically placed by the auction system on your behalf based on the Maximum Bid Amount that you set for the particular listing. Each time you place a bid by entering your maximum bid amount (which is the most you're willing to pay for an item), you will be using our Proxy bidding system. If another bidder places a bid on your item, Proxy bidding will then bid automatically on your behalf and at the lowest possible bid increments, but not more than the maximum you specified.
The goal is to win an item at the lowest successful price. To do so, you must be the bidder who placed the highest maximum bid at auction close. You will be notified by email if another bidder has surpassed your maximum bid. In case of a tie for high bidder, earlier bids will take precedence.
What is Bid Increment?
The bid increment is the specified minimum amount you must bid over the current bid amount.
What is an English Auction?
In an English auction, buyers bid until the auction ends. The item is then sold to the highest bidder at the end of the auction period.
What is a Yankee Auction?
In a Yankee Auction, a product lot (a quantity of 2 or more identical products) goes up for auction at a starting price. You attempt to outbid other buyers by offering more money for one or more pieces in the lot. Your bid price is per each single piece and you may bid for more than one piece.
At the close of the auction, the products are awarded to the highest bidder(s) at the price they bid and for the quantity they bid for up to the available auction lot.
As an example, if 5 units are up for auction, and Bidder A bids $200 for 2 pieces, and Bidder B bids $175 for 1 piece and Bidder C bids $160 for 2 pieces, and Bidder D bids $150 for 1 piece. Bidders A, B, and C would all be winning bidders at the price each of them bid and for the quantity each of them bid for. Bidder D would be a losing bidder.
In the event that two different bidders bid the same price, then the winner is based on the quantity bid for and the time the bid was placed. Higher quantity and earliest bids take preference.
NOTE: There is no proxy bidding feature with Yankee auctions. If you win, the price you bid is the price you pay.
What does "Compare At" mean?
The "Compare At" price is the retail price at which an item or comparable item may, in the reasonable judgment of our experienced buyers, manufacturers or suppliers be sold on a everyday basis (i.e. excluding special promotions or sales) at retail stores. In many instances, though not all, "Compare At" price reflects a price suggested by the manufacturer or supplier of these goods, without reference to actual retail sales and may account to an estimation of a retail offer price in accordance with standard industry practices.
Because we sell our merchandise over the internet on a national basis, we make no guarantee that the products have been sold or offered at the "Compare At" price, and the price may or may not reflect the average prevailing market price in any area on a particular day. For some items listed as a set, the "Compare At" price may be an aggregate of the suggested or estimated prices for all items included in the set. Actual retail sales in your area may substantially differ from the "Compare At" price.
You may wish to use the "Compare At" price as a guide in your evaluation of our prices to what you would or could pay for these items in other locations, at other times, or under other conditions, including full retail.