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FR 7 $10 1861 Demand Note PMG 12N

SKU: FR7

Availability: In stock

$9,000.00
RARE - ONLY 42 EXAMPLES KNOWN

Qty
This is an example of the first type of paper money to circulate here in the United States. Released shortly after the start of the Civil War in 1861, these notes were looked down upon by the American public. People wanted gold and silver coins, not these so called “Greenbacks.” The desire for gold and silver was so strong that these notes circulated for less than their face value, sometimes up to 50% less! And the best part is the price - this is a $10 denominated example 3, times rarer than the $5 examples - you cannot beat it! Listed as #7 in the Friedberg book and #60 in the 100 Greatest American Currency Notes, this note is a great example of the inception of paper money here in the United States.
Grading Service PMG
Nationals State Code N/A
Charter Number No
Friedberg Number 7
Rust Number No
Denomination Type Demand Note
Error Note? N/A
Grade NONE
Currency Designation N/A
Country of Origin No
Holder Variety No
Numeric Denomination No
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