Fr.16c 1862 $1 One Dollar Legal Tender Note, PMG 35
This listing is for sale ONE note ONLY. The scanned image displayed the front and back of the exact note you will receive.
The 1862 $1 Legal Tender Note holds a significant place in U.S. currency history as the first paper money issued by the federal government under the Legal Tender Act of 1862, created to finance the Civil War. It features Salmon P. Chase, Lincoln’s Treasury Secretary, and marks the introduction of fiat currency—money backed by the government’s credit rather than precious metals. The note’s front showcases detailed engravings, red serial numbers, and a small red Treasury seal, while the back is fully green, inspiring the nickname “Greenback.”
This note showcases strong, vivid inking. PMG graded Choice VF 35. A fine example available at an attractive price.
Grade: PMG 35
Denomination: $1
Type: Legal Tender Note
Year: 1862