|
|
Large size U.S. Notes consisted of 5 issues from 1862 to 1923. All series were titled "United States Note" except for the series of 1869 which were titled "Treasury Note" and the series of 1862-1863 which had no title on the note. The wording of the obligation carried on the reverse of the notes was changed several times during the entire issue.
The first issue, dated March 10, 1862 consisted of all denominations from $5 to $1,000. The earlier notes in this series carry the following obligation: "This note is legal tender for all debts, public and private, except duties on imports and interest on the public debt, and is exchangeable for U.S. six per cent twenty year bonds, redeemable at the pleasure of the United States after 5 years."
Later notes in this series, as well as notes from the second and third issue carry the following obligation: "This note is 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."
The second issue was dated August 1, 1862 and only issued in denominations of 1 and 2 dollars.
The third issue was dated March 10, 1863 and were issued in all denominations from $5 to $1,000 dollars.
The fourth issue, authorized by an Act of Congress on March 3, 1863 were issued in denominations from $1 to $10,000. Series dates consisted of 1869, 1874, 1875, 1878, 1880, 1907, 1917, and 1923. All of these notes carried the following obligation: "The United States will pay to bearer __ dollars. This note is legal tender at its face value for all debts public and private, except duties on imports and interest on the public debt." Series 1869 Series 1875 Series 1878 Series 1880 Series 1907 Series 1917 Series 1923
The fifth issue, authorized by the Legal Tender Act of 1862 and 1863, consisted only of the series 1901 $10 note.
The obligation on these notes was worded as follows: "The United States of America will pay to the bearer ten dollars. This note is a Legal Tender for ten dollars subject to the provisions of Section 3588 R.S. This note is a Legal Tender at its face value for all debts public and private except duties on imports and interest on the public debt."
US Rare Currency - Large
|
