1935 No Motto & 1957 With Motto $1 Silver Certificate Set

1935 No Motto & 1957 With Motto $1 Silver Certificate Set
The 1935 and 1957 One Dollar Silver Certificates are a historical piece of American currency. Silver certificates were issued by the United States government as a form of paper currency that could be redeemed for actual silver. These silver certificates come in crisp AU condition. 
History of the Silver Certificate:
The Silver Purchase Act of 1934 authorized the Treasury to issue silver certificates, which were backed by and redeemable for silver. The purpose of issuing silver certificates was to provide a convenient way for the public to hold and use silver as a form of money. These certificates were initially issued in denominations of $1, $5, and $10. The design and wording on the certificates, such as “ONE DOLLAR IN SILVER PAYABLE TO THE BEARER ON DEMAND,” indicated that the holder could exchange the certificate for an equivalent amount of silver bullion. The issuance of silver certificates continued until the early 1960s, when the United States began transitioning away from backing its currency with precious metals. By 1968, the ability to redeem silver certificates for silver was eliminated, and they became a form of fiat currency, with their value derived from government fiat rather than a specific commodity backing.
 
*The Dollar pictured is only a representation of the Dollar you will receive, not the exact Dollar (serial numbers will vary).