1917 $1 Legal Tender Note Good

The 1917 $1 Legal Tender Note is an important piece of U.S. currency, issued during a period of significant change and upheaval in both the United States and the world. This note, which was part of the 1917 series, represents a time when the U.S. was transitioning through several economic and political shifts. The note was issued by the U.S. Treasury as a form of currency backed by the government's promise to pay the holder a sum of money. It is notable for its role in financing the United States' involvement in World War I, which began in 1917. Legal Tender Notes, such as this one, were among the most widely circulated forms of U.S. paper money during this time, serving as a cornerstone in the American monetary system. While the design and features of the note were similar to other denominations of the period, its place in U.S. history and its role in the financial system make it a valuable item for collectors and numismatists.

The 1917 $1 Legal Tender Note was part of a broader effort by the U.S. Treasury to provide stable and secure currency during a time of financial instability and global conflict. During World War I, the U.S. government needed to raise funds to support the war effort, and the issuance of paper money like this note was one of the primary ways it accomplished this. Legal Tender Notes were backed by the U.S. Treasury and could be redeemed for face value in coin, making them a reliable form of currency. The 1917 $1 Legal Tender Note was issued under the 1899 design series, which was modified slightly for this issue. These notes were printed in large numbers to meet the demand for currency during the wartime economy. The 1917 series notes, including the $1 note, played a pivotal role in stabilizing the U.S. monetary system at a time when confidence in the value of paper currency was crucial for maintaining the economy.

The design of the 1917 $1 Legal Tender Note features several elements that make it distinct, including its portraits of important historical figures. The obverse of the note prominently displays a large portrait of George Washington, the first president of the United States, who is depicted in a dignified and recognizable manner. His portrait had long been featured on U.S. currency, and its inclusion here served to connect the note to the nation's foundational values of leadership and freedom. Washington’s image is flanked by the words "THE UNITED STATES OF AMERICA" at the top, with the denomination, “ONE DOLLAR,” displayed boldly below. At the center of the note is the Treasury seal, which further authenticates the currency. The design is framed with ornate patterns and borders that are characteristic of early 20th-century U.S. currency, reflecting the desire to produce secure, detailed paper money. The note’s overall design, with its sharp and intricate lines, contributes to its historical and artistic value.

On the reverse of the 1917 $1 Legal Tender Note, the design is more straightforward and focused on conveying the note’s value and function. The reverse features large, bold text indicating the note’s denomination, “ONE DOLLAR,” and includes the words “THIS NOTE IS LEGAL TENDER FOR ALL DEBTS, PUBLIC AND PRIVATE,” reaffirming its legal status as currency that could be used for all transactions. The reverse also includes smaller text describing the terms of the note’s redemption, as well as the U.S. Treasury seal. This simple but effective design served its purpose by providing a clear representation of the note’s value and function. While the reverse may not have the same ornamental appeal as the obverse, it is equally important for reinforcing the legitimacy and purpose of the currency it represented.

The 1917 $1 Legal Tender Note was printed by the Bureau of Engraving and Printing, the government agency responsible for the production of all U.S. paper currency. The Bureau employed advanced engraving techniques to ensure the note’s intricate designs were faithfully reproduced, including the fine details of Washington’s portrait and the ornate border patterns. The Bureau also used high-quality paper made from a blend of cotton and linen, which was durable and resistant to wear, making the notes ideal for handling in circulation. The printing of these notes was a critical part of the U.S. government’s efforts to stabilize the currency and provide the necessary funds for wartime expenditures. The 1917 $1 note was one of the key tools used to finance World War I, and its production played a significant role in supporting the U.S. economy during this period.

The mintage of the 1917 $1 Legal Tender Note was substantial, as these notes were issued in large quantities to meet the demand for currency. Federal Reserve Banks, which were established by the Federal Reserve Act of 1913, distributed these notes to banks across the country. The exact mintage figures for the 1917 $1 note are difficult to determine, but it is known that millions of these notes were produced. However, many of these notes have been lost, destroyed, or heavily worn over the years, making high-quality examples increasingly rare. Due to the widespread circulation and handling of the 1917 $1 Legal Tender Notes, many examples today are in lower grades, such as Good (G) or Very Good (VG). This makes surviving examples in higher grades more valuable and highly sought after by collectors and investors.

The 1917 $1 Legal Tender Note in Good (G) to Very Good (VG) condition is a well-worn example of this important piece of U.S. currency. Notes in these grades show significant signs of circulation, with heavy folds, creases, and possible staining. The details of the portraits and design elements may have faded or softened due to the wear and handling over time. In a G-VG note, the Treasury seal, serial numbers, and other key design elements are still visible, but the note may exhibit discoloration or fading that comes with age. While these notes may not have the sharpness or clarity of higher-grade notes, they still retain enough detail to be identified and appreciated for their historical value. For collectors interested in the story of U.S. currency during this period, a G-VG 1917 $1 Legal Tender Note provides a tangible connection to the past.

The 1917 $1 Legal Tender Note is highly collectible due to its historical significance, unique design, and the rarity of surviving examples, especially in higher grades. As one of the last series of large-size notes before the shift to smaller currency in 1929, the 1917 $1 note represents an important chapter in the history of U.S. currency. The note’s design, with its portrait of George Washington and the ornate borders, reflects the artistic sensibilities of the time, while the note’s role in financing the U.S. involvement in World War I gives it an additional layer of historical importance. The relatively high mintage of these notes means that they were once widely circulated, but the heavy wear and eventual destruction of most notes have made high-grade examples rare and valuable. Collectors who seek to own a piece of U.S. history will find the 1917 $1 Legal Tender Note to be an essential and valuable addition to their collections.

In conclusion, the 1917 $1 Legal Tender Note is a remarkable piece of U.S. paper currency that captures a moment in the nation’s history during a period of economic growth and global conflict. Its design, featuring George Washington, the Treasury seal, and the denomination in bold letters, symbolizes the strength and stability of the U.S. financial system. While the note may show signs of wear in lower grades like Good to Very Good, it still represents a valuable and historically significant artifact. The 1917 $1 Legal Tender Note serves as a reminder of the country’s efforts to stabilize its currency and provide the financial support needed during a time of war. For collectors and investors, it remains a coveted and important piece of U.S. currency history.

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• Year: 1917
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