10 Dollars Silver Certificate of Deposit

Hawaii's Silver Certificates of Deposit were issued against silver bullion held by the Republic's Treasury — a mechanism that distinguished them from the concurrent gold certificates and tied them directly to the government's metal reserves rather than to banking circulation. The Republic of Hawaii existed for only five years, from 1894 until annexation in 1898, and this note was printed and issued within that narrow window. Very few denominations in the series appear with any frequency today.

The American Bank Note Company held the Hawaiian government printing contract across multiple successive regimes — Kingdom, Provisional Government, Republic — which gives the series an unusual continuity of production quality despite the political discontinuity behind each issue.