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1862 $1 Legal Notes (PMG 12, Fine)

Sell-To-Us Price: Call Us

Call us at 1-866-898-4805 or email us at SellToUs@silver.com to receive custom bid pricing for this item. Note that Sell-To-Us are subject to $1,000 minimums as well as possible maximums depending on inventory positions, and require verbal confirmation via phone.

The first legal tender notes entered circulation in 1862 under several denominations. For the $1 note, former Secretary of the Treasury Salmon Chase was featured along with several other intriguing visuals. Originally printed to help with the Union’s Civil War debt, the legal tender note offers a fascinating glimpse into the history of American paper currency. Now, Fine 1862 $1 Legal Tender Notes are available to you for purchase online at Silver.com.

Note Highlights:

  • Delivered to you in a PMG plastic currency sleeve!
  • First legal tender note series!
  • Vintage large format style!
  • Bears a face value of $1 (USD) backed by the United States.
  • Graded Fine 12 by the Paper Money Guaranty.
  • The obverse field depicts Salmon Chase in a portrait.
  • On the reverse, there are denomination and obligation details.

When you purchase $1 Legal Tender Notes in this listing online, they will arrive in archival-quality currency sleeves. Also featured on these sleeves is a PMG label bearing the official grading details. The Paper Money Guaranty was founded in 2005 and to date has certified more than eight million notes. As Fine 12 notes, there will be clear signs of circulation present here. Some flaws could include margin splits and rounded corners.

Colloquially known as “greenbacks,” legal tender notes were a popular form of currency printed between 1862 and 1971. With its 109-year history, it ranks as the longest-running currency program in US history. This currency is also called a United States note and is printed as such on the notes themselves. Today, the large format versions of these notes are in high demand due to their scarcity, artistic qualities, and ties to the American Civil War.

On the obverse of 1862 Legal Tender Notes, there is a portrait of Salmon Chase. The sixth chief justice of the United States, Chase also served as Secretary of the Treasury under President Abraham Lincoln. The obverse also features an elegant decorative arrangement along the border as well as the Treasury seal in red ink.

The reverse side of these Legal Tender Notes contains the denomination and obligation details. The denomination appears alphabetically superimposed across its numeric form. This is shown on both the left and right sides of the note. Unlike many notes in this program, the denomination does not appear in the corners. In the center of the note, there is text that describes these notes as legal tender. Finally, the backdrop of the reverse consists of a sophisticated green decorative pattern.

If you have questions about legal tender notes, we’re here to help. Silver.com customer service can assist you at 888-989-7223. Alternatively, you can contact us online through our live chat and email address features.

Additional information

Weight 1.00000 oz

  1. There is currently no reviews for this product.

Year: 1862

Manufacturer: U.S. Treasury

Thickness: 0.1 mm

Condition: Fine

Face Value: $1

Issuing Country: United States

Edge Design: Smooth

Packaging Type: PMG Certified Sleeve

Dimensions: 156 x 66 x 0.1 mm

Images shown are examples only. Actual item appearance is subject to change, but will always correlate with title and description. 

Lowest Price: $640.99

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Exact shipping method depends upon your products and delivery address and will be shown on the checkout page (before you finalize your order). Also note, all orders totaling $1000+ will require a signature upon delivery.

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If your order ships Base Shipping with Tracking (Our Choice - USPS or UPS), it typically will be received within 2-4 business days, depending on your delivery address. Unfortunately, we cannot gurantee delivery

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