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$20 Virginia, 1861; $100 Virginia, 1862; $1,000 Confederate States of America note is one of 607 issued and features images of John C. Calhoun on the left and Andrew Jackson on the right. Almost all of the Montgomery issued notes were signed by hand by Alex B. Clitherall, Register, and E.C. Elmore, Treasurer,1861
Confederate Treasury Notes were ultimately issued in 50¢, $1, $2, $5, $10, $20, $50, $100, $500, and $1,000 denominations with a variety of designs, issuers, and redeemable obligations. The amount of currency issued under the various acts of the Confederate Congress totaled $1 .7 billion.
By the First Legal Tender Act, Congress limited the Treasury's emission of United States Notes to $150,000,000; however, by 1863, the Second Legal Tender Act, [9] enacted July 11, 1862, a Joint Resolution of Congress, [10] and the Third Legal Tender Act, [11] enacted March 3, 1863, had expanded the limit to $450,000,000, the option to exchange ...
Virginia quickly followed suit and authorized the printing of $500 and $1,000 notes on October 16, 1780, [4] and $2,000 notes on May 7, 1781. [5] High-denomination treasury notes were issued; for example, during the War of 1812 ($1,000 notes authorized by an act dated June 30, 1812). [ 6 ]
1875: The reverse of the Series of 1869 United States Note was redesigned. Also, TREASURY NOTE was changed to UNITED STATES NOTE on the obverse. This note was issued again in Series of 1878 and Series of 1880. 1878: The first $100 silver certificate was issued with a portrait of James Monroe on the left side of the obverse.
A contemporary imitation of a United States Treasury Note from the Mexican–American War; no such note was actually issued. Treasury Notes were again issued to help finance the Mexican–American War in 1846 and 1847. Including reissues, $33.8 of one year notes were issued with interest rates varying from 1 ⁄ 1000 of 1% to 6%. [5]
Abraham Lincoln was portrayed on the 1861 $10 Demand Note; Salmon Chase, Lincoln's Secretary of the Treasury, approved his own portrait for the 1862 $1 Legal Tender Note; Winfield Scott was depicted on Interest Bearing Notes during the early 1860s; William P. Fessenden (U.S. Senator and Secretary of the Treasury) appeared on fractional currency ...
Demand Notes are considered the first paper money issued by the United States whose main purpose was to circulate. They were made because of a coin shortage as people hoarded their coins during the American Civil War and were issued in denominations of $5, $10 and $20. They were redeemable in coin. They were replaced by United States Notes in 1862.
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