05/30/2024 03:19:08 PM
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1862 $1 Legal Note PMG 12, Fine

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While Federal Reserve notes are the most common type of U.S. paper money, there have been several other paper currency programs issued throughout the countrys history as well. One of these is known as the legal tender note and was issued between 1862 and 1971. Also called United States notes, this type of paper currency was originally produced to help diminish the Unions debt during the Civil War. Right now, you can purchase Fine 1862 $1 Legal Tender Notes online from Provident Metals.

Note Highlights:

  • Available in a protective currency sleeve from PMG!
  • Printed during the Civil War!
  • Historic large format note!
  • Issued a face value of $1 (USD) by the United States government.
  • Graded Fine 12 by the Paper Money Guaranty.
  • A portrait of Salmon Chase is located on the obverse.
  • Denomination and obligation details are found in the reverse design.

All 1862 Legal Tender Notes in this online Provident Metals listing have been officially certified by the Paper Money Guaranty. PMG is the largest third-party paper money grading service in the world and remains steadfastly committed to accuracy and excellence. These particular notes arrive in archival-quality currency sleeves that feature their grade of Fine 12. With this grade, the notes could feature various flaws, like rounded corners and margin splits. However, the paper will be solid and the note whole.


The obverse of $1 Legal Tender Notes contains a portrait of Salmon Chase. Chase famously served in each branch of the federal government, including as Secretary of the Treasury under Lincoln. Like all large format notes, these boast a complex array of imagery on the front that is quite beautiful to behold.


On the reverse side of 1862 $1 Legal Tender Notes, you will find obligation and denomination details. The denomination is presented numerically and alphabetically on the left and right portions of the reverse. In the center are the obligation details surrounded by a decorative ring made up of the number 1. There is also an additional decorative pattern in the background.


The $1 legal tender notes were first issued in 1862. They were printed once again in Series 1869, 1878, and 1880. While Salmon Chase graced the first design, the final three all depicted George Washington. When legal tender notes received a design and format makeover in 1928, Washington was once again used for the $1 denomination. Though still accepted as legal tender, United States notes have not been issued since 1971.


If you have questions about these notes, Provident Metals is here to help. You can call us at 800-313-3315, chat with us live online, or simply send us an email.

How Does Free Shipping Work?

When the subtotal of your purchase, including applicable discounts, is $199 or more, you receive free shipping for your entire order. In order to receive free shipping on purchases of $199 or more, you must live within the 50 US states. For orders less than $199, a $9.95 shipping fee applies. All products are discreetly packaged and shipped with full insurance included.

When will my order ship?

Most Provident orders are shipped within one (1) business day of your payment clearing. Payments made via PayPal clear instantly. Bitcoin payments clear instantly once the transaction is confirmed. Credit Card and bank wire payments process within 1 business day. ACH and paper check payments take 3-5 business days. Once payments are processed, products are released to fulfillment for packaging and shipping.

Can I choose the method of shipping?

All orders of $199 or more that are eligible for free shipping are, by default, shipped via a carrier of our choice (USPS or UPS). Depending on the contents and size of your purchase, you may be able to upgrade to a specific carrier during checkout.

Will I need to sign for my package?

For those orders of $999.99 or less, there is no need to sign for your package. However, you may select the option to require a signature at delivery if you want. This can be chosen and paid for at checkout. All orders of $1000 or more require a signature to complete delivery.

What about International Orders?

Provident is only able to ship to addresses in any of the 50 US states. This includes P.O. boxes and APO addresses.

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Product Details

Year 1862
Condition 12 Fine
Grading Service PMG
Producer U.S. Treasury
Thickness 0.1 mm
Condition Fine
Denomination $1
Country United States
Edge Style Smooth
Product Series Legal Note
Certificate of Authenticity No
Packaging PMG Certified Sleeve
Shipping Orders over $199 Ship Free
Dimensions 156 x 66 x 0.1 mm
Packaging Dimensions 8.5 x 5.0 x 0.1
Provident ID 3978809