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FR. 16c – 1862 $1 Legal Tender PMG64 EPQ – CU

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Price: $4,975.00   
Grade: 64 EPQ
Quantity: 1
Last Update: 8/21/2025
Dealer:  (Terms) Sergio Sanchez Jr. Currency (2)
The 1862 Legal Tender note is a highly sought-after piece among currency collectors. As one of the earliest examples of U.S. paper money, it showcases elaborate artwork and the distinctive red Treasury seal, reflecting its pivotal role in funding the Civil War. The front displays a portrait of Salmon P. Chase, then Secretary of the Treasury under President Abraham Lincoln, who was instrumental in the introduction of Legal Tender notes. Graded PMG 64 “Exceptional Paper Quality” Choice Uncirculated, this note is remarkably well-preserved, with vivid colors and crisp paper, making it a top-tier collectible. Issued as part of the first series of legal tender notes by the U.S. government, it represents a landmark moment in the evolution of American financial history. Its outstanding condition and historical relevance make it a centerpiece in any serious currency collection.

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