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The one-dollar bill has the oldest overall design of all U.S. currency currently in use. The reverse design of the present dollar debuted in 1935, and the obverse in 1963 when it was first issued as a Federal Reserve Note (previously, one-dollar bills were Silver Certificates).
In October 1863, Confederate States Senator Louis Wigfall of Texas said that a Confederate soldier received $11 per month in pay, which was worth the same as $1 had been worth at the beginning of the war. [4] In September 1864, one Confederate dollar was worth the same as three cents of United States currency. [5]
They were in two forms: Demand Notes, issued in 1861–1862, [1] and United States Notes, issued in 1862–1865. [2] A form of fiat money , the notes were legal tender for most purposes and carried varying promises of eventual payment in coin but were not backed by existing gold or silver reserves.
An original uncirculated $2 bill from 1862 ranges in value from $500 to more than $2,800. You might get $3,800 or more for an 1869 note. Check Out: These 11 Rare Coins Sold for Over $1 Million.
The 1862 $50 Bill This valuable piece of printed money displays a portrait of Alexander Hamilton. These initial bills were referred to as “large-size legal tender bills.”
Speaking of Benjamins, collectors will be especially keen to get fancy numbers of the long-delayed new hundred-dollar bill. So the first time you get your hands on one of the redesigned hundreds ...
The original large-sized Civil War issues were dated 1862 and 1863, and issued in denominations of $1, $2, $5, $10, $20, $50, $100, $500 and $1,000. [27] The United States Notes were dramatically redesigned for the Series of 1869, the so-called Rainbow Notes. The notes were again redesigned for the Series of 1874, 1875 and 1878.
The denominations issued were $1, $2, $5, $10, $20, $50, $100, $500 and $1,000. The $1, $2, $500 and $1,000 notes were only issued in large size until 1882. The $1 and $2 notes are common from most issuing banks. Only three remaining examples of the $500 note are known, with one held privately; the $1,000 note is unknown to exist.