The Auction at Graceland•January 8, 2019
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This lot is closed for bidding. Bidding ended on 1/8/2019

The gold standard was established for currency as a method for ease of trading on the value of gold without the exchange of the actual metal. In 1878, silver miners were unhappy that the only currency standard was against gold, so silver certificates were introduced, currency that was redeemable against the government’s store of silver. In 1928, the silver certificates, identifiable by the blue color on the bill, had been reduced in physical size to match that of standard U.S. currency. The silver certificates ceased being printed in 1935 and most bills were removed from circulation in the 1940s and 50s. However, the bill was briefly brought back in 1957 but by 1964 the ability to redeem for actual silver ceased altogether. The offered example is exceptional for a number of reasons, the first being that it is one of the last printings of the silver certificate to survive, and also that it is from the year of Elvis Presley’s birth but most significantly, that it has been signed by the King of Rock ‘n’ Roll himself in pencil in the upper center of the reverse. While silver certificates are normally worth as much as $1.50, this unique example carries a much higher value. This rare exemplar comes with a letter on “EP Archives” of Las Vegas, Nevada letterhead that recounts the story of the acquisition of the bill by Mary Earnestine (Teeny) Murphree of Fulton, Mississippi. The letter states, in part: 

I graduated from high school...and moved to Memphis for work. I originally applied for and got a job with The Krystal but instead took a job with the Bank of Commerce in downtown Memphis working as an IBM key punch operator for the Cotton Mercantile Exchange. The bank was located at Monroe and 2nd across the street from the Peabody. One day Elvis entered the branch and girls from both upstairs as well as downstairs ran to speak with him that summer in 1956. This 1935 Silver Certificate with serial (D21806511 I) was the first thing I could find for him to sign. He obliged me and signed the reverse of the $1.00 silver certificate. 

What better opportunity to capitalize on the intrinsic value of this signed 1956 silver certificate than the present. This exceptional certificate measures 2 3/4 by 6 1/8 inches (6.98 x 15.5 cm) and is accompanied by a letter of authenticity from Graceland Authenticated.



The silver certificate presents with moderate to heavy wear from circulation prior to being signed. Excellent condition.
Elvis Presley Signed 1935 $1 Silver Certificate – The Year of His Birth! Signed in 1956
Bidding
Current Bidding (Reserve Has Been Met)
Minimum Bid: $1,000.00
Final prices include buyers premium.: $4,000.00
Estimate: $2,000 - $3,000
Number Bids: 21
Auction closed on Tuesday, January 8, 2019.
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