1899 $5 Silver Certificate | Large Size | “Chief” Note

1899 $5 Silver Certificate – Large Size | “Chief” Note | Blue Seal | Rare #2352

The 1899 $5 Silver Certificate, commonly known as the “Chief” note, is one of the most iconic and historically significant large-size U.S. banknotes. Featuring a striking portrait of Running Antelope, a Hunkpapa Lakota Sioux chief, this note holds the distinction of being the only U.S. paper currency to feature a Native American as the primary design element.

This particular example, designated Rare #2352, is a scarce and highly collectible variety that appeals to both serious numismatists and investors. The large size, intricate engraving, and bold blue Treasury seal make it one of the most visually stunning banknotes ever issued by the United States. As a Silver Certificate, it was originally redeemable for silver, adding to its historical and monetary significance.

Historical Significance of the 1899 $5 Silver Certificate “Chief”

The 1899 $5 Silver Certificate was issued at a time when the U.S. monetary system was transitioning from gold and silver-backed currency to the modern fiat system. These notes could be exchanged for silver dollars, making them a trusted form of currency during the era.

The portrait of Running Antelope was chosen to honor Native American heritage and their deep historical ties to the United States. However, the headdress he is depicted wearing is actually from a different tribe (a Pawnee war bonnet), as traditional Lakota Sioux headdresses were too tall to fit within the engraving frame.

The “Chief” note is one of the most sought-after Silver Certificates, with demand continuously rising among collectors. The Rare #2352 designation makes this particular variety even more desirable, as it comes from a special print run or unique serial number batch.

Design and Features of the 1899 $5 “Chief” Silver Certificate

Obverse (Front Design)

• Portrait of Chief Running Antelope:
  • The first and only Native American to be prominently featured on a U.S. banknote.
  • Engraved with exceptional detail, capturing his powerful and dignified presence.
• Large Blue Treasury Seal & Serial Numbers:
  • The bold blue seal and serial numbers contrast against the black-and-white engraving.
• “United States Silver Certificate” Inscription:
  • Clearly states that the note was redeemable in silver at the time of issue.
• Large-Size Format (“Horse Blanket” Note):
  • Measuring 7.4 x 3.1 inches, significantly larger than modern U.S. banknotes.

Reverse (Back Design)

• Elaborate Green Scrollwork & Ornate Patterns:
  • Features an intricate symmetrical design that enhances the note’s aesthetic appeal.
• Prominent “$5” Denominations:
  • Large, bold numerals ensure easy recognition.

Why This Rare 1899 $5 Silver Certificate “Chief” Note is a Must-Have Collectible

1. The Only U.S. Banknote to Feature a Native American

• This note stands out as the only official U.S. currency to prominently feature a Native American figure.
• Running Antelope, a respected Lakota Sioux leader, represents the history and heritage of Indigenous peoples.

2. Large-Size U.S. Currency – A Piece of Financial History

• Before 1928, U.S. paper money was larger and more intricately designed than today’s currency.
• Collectors prize these “horse blanket” notes for their historic and artistic value.

3. Blue Seal Silver Certificate – Rare and Collectible

• Silver Certificates were backed by physical silver reserves, a system that no longer exists.
• The bold blue Treasury seal is a distinguishing feature that makes this note highly collectible.

4. Rare #2352 – Special Collector Appeal

• The #2352 designation indicates a scarce variety, making it rarer than standard issues.
• Limited print runs or unique serial number batches can significantly increase a note’s value.

5. Investment Potential – High Demand Among Collectors

• The 1899 $5 “Chief” note consistently appreciates in value, especially in better conditions.
• The scarcity of high-grade examples makes this a strong long-term investment.

Preserving Your 1899 $5 Silver Certificate “Chief”

To maintain its condition and maximize its value:

✔ Store in a protective currency holder (preferably a PMG or PCGS-certified case).
✔ Handle with care, using gloves to prevent oil and dirt transfer.
✔ Keep in a cool, dry place to prevent paper deterioration.
✔ Avoid direct sunlight and moisture to preserve its vibrant colors and crisp paper quality.

Conclusion

The 1899 $5 Silver Certificate – “Chief” Note (Rare #2352) is one of the most visually stunning and historically significant U.S. banknotes. With its large-size format, unique Native American portrait, blue Treasury seal, and collectible rarity, this note is a must-have for serious numismatists and investors.

As one of the most sought-after large-size Silver Certificates, the 1899 “Chief” note continues to appreciate in value and remains an exceptional addition to any collection.

Secure this rare piece of American history today!