1886 $5 Morgan Back Silver Certificate

This 1886 $5 Silver Certificate, Fr. 264, represents a significant piece of large-size U.S. currency history. The note is part of the "Silver Dollar Back" series, featuring the portrait on the obverse and the distinctive reverse design showing a Morgan dollar in the center flanked by four additional silver dollars. With relatively low printing numbers compared to later issues, these notes have become increasingly scarce, particularly in better grades.

Graded Choice Very Fine 35 by PMG, this example shows moderate circulation while maintaining excellent structure and appeal. The paper remains solid with clear, bold inking throughout the intricate design elements. The dark brown Treasury seal and blue serial numbers stand out vividly against the white background. The reverse displays a crisp green print with well-defined details of the Morgan dollar vignette. Despite the expected folds and light handling consistent with the grade, this note retains substantial eye appeal and strong original embossing.