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Story of Money


Section 14: Progress and problems Previous | Next | Section Index
Treasury or coin note
This $1 Treasury or coin note from 1891 was authorized by Congress in 1890 as a result of the Sherman Silver Purchase Act. These notes were used to pay for silver bullion purchased by the Treasury. They were backed by a silver reserve, but the secretary of the Treasury could also redeem them in gold or silver coin.


Treasury or coin note
1891

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