Description: A high quality Legal Tender note with vivid color. PMG 66 EPQ Legal Tender Notes, commonly known as United States Notes, were a form of paper currency issued by the U.S. government. They were first authorized by the Legal Tender Act of 1862 during the American Civil War as a means to finance the war effort. Here are some key points about Legal Tender US Notes:Introduction: The Legal Tender Act, signed into law by President Abraham Lincoln on February 25, 1862, authorized the issuance of paper money that would be considered legal tender for all debts, public and private. Greenbacks: Legal Tender Notes were often called "greenbacks" due to their distinctive green ink on the reverse side. The obverse side typically featured portraits of notable figures, such as historical figures or U.S. presidents. Denominations: Legal Tender Notes were issued in various denominations, including $1, $2, $5, $10, $20, $50, $100, $500, and $1,000. The designs and details varied by denomination and over time. Fiat Currency: Legal Tender Notes were a form of fiat currency, meaning that their value was not backed by a specific commodity like gold or silver. Instead, the U.S. government declared them legal tender, and they were accepted as a form of payment for all debts. Civil War Financing: The issuance of Legal Tender Notes played a crucial role in financing the Union's war effort during the Civil War. It provided a means for the government to pay its bills and fund military operations. Series: Legal Tender Notes were issued in various series, with each series denoted by a different year. The design, portraits, and other features were updated over time. Transition to Federal Reserve Notes: Over the years, the issuance of Legal Tender Notes decreased, and they were largely replaced by Federal Reserve Notes, which are the more common form of U.S. paper currency in circulation today. Collectibility: Legal Tender Notes, especially those from earlier series and in good condition, are sought after by currency collectors and numismatists. The historical significance, unique design features, and the green ink make them interesting collectibles.
Price: 295 USD
Location: Palm Beach Gardens, Florida
End Time: 2024-03-25T17:36:19.000Z
Shipping Cost: 0 USD
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Item Specifics
Return shipping will be paid by: Seller
All returns accepted: Returns Accepted
Item must be returned within: 30 Days
Refund will be given as: Money Back
Circulated/Uncirculated: Uncirculated
Denomination: $5
Type: Wide I
Year: 1928
Grade Designation: EPQ/PPQ
Country/Region of Manufacture: United States
Certification: PMG
Modified Item: No
