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Is This Series 1886 One Dollar Silver Certificate Legit?

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barryg's Avatar
United States
5850 Posts
 Posted 11/27/2012  08:38 am Show Profile   Bookmark this topic Add barryg to your friends list Get a Link to this Message Number of Subscribers
I picked this up at my LCS awhile back as an impulse buy (my focus was on notes made after 1900 but the price was right and it looked interesting):

Is-This-Series-1886-One-Dollar-Silver-Certificate-Legit?
Is-This-Series-1886-One-Dollar-Silver-Certificate-Legit?

Since buying it, however, I've noticed that every other example of this Series that I have seen since then has a much larger seal on the obverse. The Series was apparently re-issued in 1891 with a smaller seal, but this note clearly states "Series 1886" and the reverse is the fancier version that was used in 1886 and not the simplified version that was used in 1891.

Do I have a counterfeit, or did they make the Series 1886 with both a large and a small seal?
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barryg's Avatar
United States
5850 Posts
 Posted 11/27/2012  08:56 am  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply
All right, I swear I saw a response to this thread a minute ago, but it seems to have vanished without a trace...
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James4444's Avatar
United Arab Emirates
242 Posts
 Posted 11/27/2012  09:01 am  Show Profile   Bookmark this reply Add James4444 to your friends list Get a Link to this Reply
It looks legit to me ...

It's 1886 series:

- Blue Serial Number

- S.N. starts with letter B

As for the "Seal", the colors and sizes vary for 1886 series (4 seal varieties).

Apart from this, the "obverse" of 1891 series does have MARTHA WASHINGTON written in tiny letters below the portrait. Besides, its Serial Number always starts with letter E.


Cheers
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barryg's Avatar
United States
5850 Posts
 Posted 11/27/2012  09:04 am  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply

Quote:
As for the "Seal", the colors and sizes vary for 1886 series (4 seal varieties).


Ah. This is what I was looking for, thank you. Are different seals more rare or valuable than others?
Valued Member
James4444's Avatar
United Arab Emirates
242 Posts
 Posted 11/27/2012  09:09 am  Show Profile   Bookmark this reply Add James4444 to your friends list Get a Link to this Reply
Yes ...

Prices vary if they are in UNC condition:

- Small Red Seal with plain border

- Large Red Seal

- Large Brown Seal

- Large Brown Seal with spiked border

- Small Red Seal with scalloped border

The cheapest one of them is the last one


Cheers
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barryg's Avatar
United States
5850 Posts
 Posted 11/27/2012  09:11 am  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply
Ah. Well, mine is certainly not in UNC condition and it looks like it has the small red seal with the scalloped border. I guess that's why I didn't pay too much for it...

Thanks again!
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starbuxinvestor's Avatar
United Kingdom
616 Posts
 Posted 11/27/2012  09:58 am  Show Profile   Bookmark this reply Add starbuxinvestor to your friends list Get a Link to this Reply
Looks like an F-221 to me. But my book has it as the most expensive of the 1886s in UNC.
Edited by starbuxinvestor
11/27/2012 09:59 am
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barryg's Avatar
United States
5850 Posts
 Posted 11/27/2012  10:01 am  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply
Well, I just went ahead and ordered a book on U.S. Currency ("A Guide Book of United States Paper Money" by Arthur and Ira Friedberg), so hopefully I'll soon be able to figure it out myself for sure.
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starbuxinvestor's Avatar
United Kingdom
616 Posts
 Posted 11/27/2012  10:57 am  Show Profile   Bookmark this reply Add starbuxinvestor to your friends list Get a Link to this Reply
Same book I have. It only has a picture of one of the 4 types of 1886s but just read the descriptions below.
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kookoox10's Avatar
United States
1054 Posts
 Posted 11/27/2012  11:26 am  Show Profile   Bookmark this reply Add kookoox10 to your friends list Get a Link to this Reply
Even with the more common small red seal, the Martha Washington's are extremely attractive. I've been eyeing one with the large brown for a while, just can't seem to collect the money I need to obtain it.
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