1862 $1 Legal Tender Note

 

There are five issues of Legal Tender Notes, also known as United States Notes.  This note is part of the second issue, which were dated August 1, 1862 and consisted of 1 and 2 dollar denominations only.

The obligation on the reverse is the same as on the notes of the Second Obligation, which reads, "This note is a legal tender for all debts public and private except duties on imports and interest on the public debt; and is receivable in payment of all loans made to the United States."

Notes of 1862 with the Second Obligation are much rarer than those with the First Obligation.

The obverse features the head of Salmon P. Chase, Secretary of the Treasury under Abraham Lincoln, 1861-1864, and Chief Justice of the U.S. Supreme Court, 1864-1873. He is probably best known for causing the motto "In God We Trust" to be adopted for our national coinage.

Uncirculated 62 - Exceptional Paper Quality condition

1862 $1 Legal Tender Note  -  Note 1   $2,150.00

 

 


 

 

Variety of 1862 $1 Legal Tender Notes

 

 

XX xx xx xx
S/N 40389
$635.00
  S/N 91422
(Small Tears)
$460.00
  S/N 80893
(Pinholes)
$460.00
  S/N 84523
(Split,
Corner Missing)
SOLD
  S/N 49054
$405.00
                     

 

xx xx xx
S/N 23874
(Splits)
SOLD
  S/N 9293
(Tears)
SOLD
  S/N 13160
(Reparied)
$320.00
  S/N 5626
$290.00

 

 


 

 

$5 National Currency - First National Bank of Dunlap, Iowa

 

National Bank Notes form the most plentiful and extensive series of American paper money. These notes were issued from 1863 to 1929 by thousands of banks throughout the country and in our territories, in many denominations and in three charter series. Through the various acts,  our government was able to grant charters to banks which were then allowed to issue their own notes, but only up to 90% of the par value of the U.S. government bonds which the banks had previously deposited with the government as security for the notes to be issued.

These notes, although issued by individual banks, were nevertheless conventional U.S. paper money, fully negotiable, and were produced by the Bureau of Engraving and Printing under the same conditions as regular Treasury issues.

FNB in Dunlap, Iowa, was chartered in 1889 and liquidated on February 23, 1926. This note is part of the 1902 series (third charter period). The obverse features the head of President Benjamin Harrison, 23rd President of the U.S. The reverse features a portrait of the "Landing of the Pilgrims" engraved by Charles Burt.

Of the 9 different type of notes issued by this bank, there are only 3 known.

1902 $5 National Currency - FNB of Dunlap, Iowa  -  $1,800.00

 

 


 

 

1899 $1 Silver Certificate -- SOLD

 

 

Two Acts of Congress authorized all the Silver Certificates that were issued, the Acts of February 28, 2878, and August 4, 1886. Under these Acts, there were five different issues. This note is part of the fourth issue, which consisted of only 1, 2, and 5 Dollar notes of 1899. This issue is notable for the many signature combinations that appear on the notes.

The note, engraved by G. F. C. Smillie,  features on the obverse an eagle over the heads of Presidents Abraham Lincoln and Ulysses S. Grant. The reverse features an ornate sphere with the words, "This certificate is receivable for customs, taxes and all public dues, and when so received may be reissued."Extremely Fine 45 PPQ condition.

Extremely Fine 45 PPQ condition

 

1899 $1 Silver Certificate  -  Note 1   SOLD

 

 


 

 

1901 $10 United States Note  (Legal Tender Issue) 

 

There are five issues of Legal Tender Notes, also known as United States Notes. This note is part of the fifth issue, which consisted of only 10 Dollar notes of the series of 1901. These notes were issued under authority of the Legal Tender Acts of 1862 and 1863.

The obverse features a bison between the explorers Meriwether Lewis and William Clark. Black Diamond, the buffalo who appears in the middle on this note, also was the model used on the reverse of the Indian Head nickel in 1913. The reverse features a female figure representing Columbia, who stands between two pillars and two scrolls.

Very Fine 20 PPQ Condition

 

1901 $10 United States Note  -  Note 2 - $1,175.00

 

 


 

 

1922 $20 Gold Certificate

 

Gold certificates are colorful and vivid and are among the most attractive of all currency issues. . Although there were nine emissions of gold certificates, only four of the issues were circulated to any extent, namely the fourth, seventh, eighth, and ninth issues.This note is from the ninth issue, part of the series of 1922.

The obverse features the head of President George Washington. The reverse is in brilliant golden orange, symbolic of the gold coins it represents. The center of the reverse features the familiar eagle holding olive branches at the left and arrows at the right.

Very Fine 30 condition

 

1922 $20 Gold Certificate  $375.00

 

 


 

 

1793 French Currency - Assignat


An assignat was paper money issued by the National Assembly in France during the French Revolution. They were issued after the confiscation of church properties in 1790. The government was bankrupt and thought that the financial problems could be solved by printing certificates representing the value of church properties. Originally meant as bonds, they evolved into currency used as legal tender. Assignats were used to retire a significant portion of the national debt since they were accepted as legitimate payment by domestic and international creditors. However, since there was no control over the amount to be printed, massive hyperinflation resulted. Instead of solving the financial problems, the assignats became a catalyst for food riots. Instability continued after the abolition of the monarchy, intensified by the wars France faced. In early 1792, they had lost most of their nominal value.

These assignats are approximately 3.25" x 3". Dated "Loi Du 23. Mai 1793". Series 3264. One-sided, printed in black "de cinquante sols - payable au porteur" (50 sols - payable to bearer). Authorizing signature of "Laussay" also printed in black. Features at bottom a vignette of two seated figures holding the scales of justice and a tablet of the "Droits De L'Homme" (Rights of Man). Designed with punched through embossing and a watermark to prevent counterfeiting. Beautiful piece of French currency from the year in which King Louis XVI and his wife Marie Antoinette were executed by guillotine.

1793 French Currency -Assignat  $29.95  



$10 National Currency - First National Bank of Lake Charles, Louisiana

 

 

 

 

Beautifully illustrated large size national bank note. This was the first bank chartered in Lake Charles under the National Bank Act of 1863. Chartered on November 8, 1889, it was located in the 800 block of Ryan Street and was the second bank formed in the town. At that time Lake Charles had only 3,000 residents. The first president of the bank was A.W. Thomas, succeeded by George Locke and the Leopold Kaufman, who served until 1931. Newton E. North was the cashier during most of the note issuing period.

At the close of the national bank note issuing period in July of 1935, the bank had $75,960 in large size notes and $6,637 in small size notes outstanding.


$10 Lake Charles Note - $1,250.00



 

$20 National Currency - First National Bank of Lafayette, Louisiana

$20 Lafayette, Louisiana Note - $395.00 

$100 National Currency - Commercial National Bank of Shreveport, Louisiana


 

$100 Shreveport Note - $450.00 


            

 

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