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.

Obverse

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.

Reverse

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.

History

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.

Ordering

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.