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1862 $2 Legal Notes (PMG 10, Very Good)

Out of Stock
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.

These large-format $2 notes were originally printed during the Civil War to satisfy debts incurred by the Union. However, following the war, the Treasury continued to print legal tender notes up until 1971. As such, they are considered the longest-running paper currency program in U.S. history. Now, 1862 $2 Legal Tender Notes in Very Good condition are available to you online at Silver.com.

Note Highlights:

  • Arrives to you in a PMG plastic currency sleeve!
  • Civil War issue!
  • Vintage large format style!
  • Bears a face value of $2 (USD) backed by the United States.
  • Graded Very Good 10 by the Paper Money Guaranty.
  • The obverse field contains a portrait of Alexander Hamilton.
  • On the reverse side, there are denomination and obligation details.

All $2 Legal Tender Notes in this online listing will arrive in clear plastic currency sleeves. These sleeves include a label bearing the official grading details from the Paper Money Guaranty. According to PMG, these notes fit the criteria for the Very Good 10 classification. As such, they will appear fairly limp with clear signs of circulation. Overall, the note is deemed solid and whole.

Issued from 1862 until 1971, the legal tender note is the longest-running paper currency program in US history. However, this 109-year record is set to be eclipsed in 2024 by the Federal Reserve note. Legal tender notes were originally printed in large format with some of the most exquisite and complex artwork ever created for US currency. Then in 1928, a small format was introduced that has much more in common aesthetically with the paper currency of today.

An effigy of Alexander Hamilton is found on the obverse of 1862 Legal Tender Notes. In this design, Hamilton is depicted in right-profile relief just to the left of the note’s center. The coloring of this note mainly consists of black and green. However, the note’s number and Treasury seal appear in red. In the upper corners, you will also find the shield from the US Seal along with the words E Pluribus Unum.

Denomination details and obligation language is found on the reverse of these Legal Tender Notes. The denomination is located in the four corners as well as on two rings that surround the center of the note. The obligation language is contained in the center and confirms these notes as legal tender. Also, there are heavy horizontal decorative lines running across the field in a parallel fashion.

If you have questions about legal tender notes, feel free to ask. Silver.com customer service can assist you at 888-989-7223. We are also available online using our live chat and email address features.

Additional information

Weight 1.00000 oz

  1. There is currently no reviews for this product.

Year: 1862

Mint Mark: Not Shown

Manufacturer: U.S. Treasury

Thickness: 0.1 mm

Condition: Very Good

Face Value: $2

Issuing Country:  United States

Edge Design: Smooth

Packaging Type: PMG Certified Sleeve

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

Lowest Price: $704.81

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