The Story of Money: 14--Treasury or Coin Note
|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.