Currency Spotlight: 1934 $5 Yellow Seal North Africa Silver Certificate

Silver Certificate
by: Ben Tseytlin - on Coins & Currency

The 1934 $5 Yellow Seal North Africa Silver Certificate is a very interesting note, and is perfect for those who are just getting started in currency collecting. Like other American bills, it has a rich and distinct history and was issued for a specific purpose.

Currency Highlights

This particular note isn’t too difficult to find, and unlike other North African denominations, the five dollar bills don’t utilize different Friedberg numbers or blocks. In fact, each of the Yellow Seal 1934 $5 Silver Certificates were issued through KA block, and more than sixteen million were actually printed. The only variation that is worth noting is the later finish for the type 307 face plate. Although this variant commands prices which are similar to circulated grade notes, the type 307 face plate variants do command more if they happen to be uncirculated. The actual cost is heavily dependent on centering, but uncirculated notes will usually cost about three figures. Star notes can be found in the 1934A $5 Silver Certificate, and like the star notes of other series, are highly valued and sought after by collectors.

Background

These yellow seal certificates were issued in the North African theater during the Second World War. They have a striking appearance, with the blue and yellow coloration merging together seamlessly to produce a note that is quite appealing to the eyes. When collecting this particular series it is highly recommended to look for notes that are in pristine condition or which showcase a star symbol at the start of its serial number.

Related to it are the1935A $1 dollar notes, which are simple to price. Most examples will be currently valued at around $20, but if the bill is uncirculated; it can go for six times this amount. George Washington’s portrait can be seen on the front of the bill, and if it happens to have a star note it will have an even higher value. The reason these bills are referred to as silver certificates is because they were redeemable for physical silver. At various points during American history the nation was under either a gold or silver standard.

Grades And Value

The yellow seal 1934A notes are quite popular among collectors. Currently, they can fetch a maximum of about $200 per note if they are in mint condition. At the same time, due to the number of years that have passed since their issuance, few notes will be in this condition, with the average being valued at around $60 if it doesn’t have any glaring problems.

The $10 yellow seal note was actually issued in two distinct sizes. The rarest variants are the ones printed in 1934. The most common of these is the 1934A. The front features a portrait of Alexander Hamilton and to the left of his portrait there is an inscription which reads “series of 1934.” It may sometimes say “series of 1934A.”