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Replica 1862 One Dollar
| Issuer | United States Treasury |
|---|---|
| Year | 1862 |
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| Value | 1 Dollar 1 USD = RSD 98 |
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| Obverse description | A portrait vignette of Secretary of the Treasury Salmon P. Chase is positioned at the left, accompanied by a Treasury seal. The central field carries the country designation and denomination, with the text 'THE UNITED STATES / Will pay the bearer / ONE DOLLAR' in letterpress. A second seal and a security device occupy the right portion of the note. |
|---|---|
| Obverse lettering | ACT OF JULY 11TH 1862 SERIES 268 40617 THE UNITED STATES Will pay the bearer ONE DOLLAR The Treasury New York WASHINGTON August 1st 1862 |
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| Comments |
The 1862 one-dollar United States Note was the first dollar bill issued directly by the federal government — prior to this, circulating paper currency came from private banks. The Legal Tender Act of February 1862 authorized the issue, driven by the Union's desperate need to finance the Civil War without draining its gold reserves. These notes were declared legal tender for all debts public and private, a genuinely radical move at the time, and their constitutionality was challenged all the way to the Supreme Court.
This is a replica. Collector value is nil; historical reference value only.