All Series of 1886 Silver Certificates are highly desired for their beautifully ornate designs. This 1886 Series included the country s first two dollar denomination for the type. A large red spiked seal complements this catalog number, which features the signatures of Rosecrans and Hyatt. A large portrait vignette of General Winfield Scott Hancock is seen at the left, while the central layout incorporates an appealing styling of "United States." Only a single example is graded finer by PCGS. In this note we offer both quality and rarity and we expect competitive bidding. Silver Certificates were first issued in 1886 under the title of Silver Certificates of Deposit, such notes being authorized under the Bland-Allison Act of February 28 of that year, best remembered for launching the production of hundreds of millions of Morgan silver dollars. The idea was to have each Silver Certificate backed by an equivalent number of silver dollars held in Treasury vaults. Silver Certificates proved to be an enduring series and continued well into the 20th century in the form of small size notes. The designs differed from those used on Legal Tender and other currency and were often notable and attractive from a numismatic viewpoint. The 1886 Series notes were the first issued in fairly large quantities. ， Est. $8000-$12,000
