Fr.16 1862 $1 One Dollar Legal Tender Note, PMG 30 Comment
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. Although there are a few minor flaws visible on the back, it has received a PMG grade of VF 30. A fine example available at an attractive price.
Grade: PMG 30 Coment
Denomination: $1
Type: Legal Tender Note
Year: 1862