So can someone explain (or link to a site) that explains the purpose of the Silver Certificate and the Red Seals? thanks
From http://www.webpressnotes.com/terms.htm SILVER CERTIFICATES - As America's economy expanded in the late 1870's trade demand outpaced the supply of silver coinage. In 1878 the government authorized Silver Certificates as relief for silver coinage. Redeemable in silver until June 24, 1968, redemption in all forms was ended. The notes, while still legal tender are now worth only their face value.
Here is another Excellant site , www.USPaperMoney.info enjoy ! It may be a little rough at first , but has alot of valuable info. The History of Currency Designs section is great !