***Auction Highlight*** **Star Note** 1869 $1 Large Size Legal Tender Note "Rainbow Note" FR-18 Grad

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  Lot #440  (Sale Order: 301 of 608)  
Sold for: $600.00 to z****1
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***Auction Highlight*** **Star Note** 1869 $1 Large Size Legal Tender Note "Rainbow Note" FR-18 Grades vf, very fine. One of the most coveted and sought-after currency pieces in American history is this 1869 Legal Tender Series “Rainbow” Note, so named for the colorful appearance of the front design, which features a red Treasury seal and serial numbers, a green frame around the serial number, a green tint at the top of the note, and a vertical blue tint or “stain” that runs vertically through part of the paper. Not only are the 1869 Legal Tender Series notes the only notes which bear the label “Treasury Note” instead of the label “United States Note,” found on all later issues, this $1 note from the series also marks the very first appearance of President George Washington on any federal $1 denomination bill! Listed as #41 in the book 100 Greatest Currency Notes by Q. David Bowers, the Rainbow Note also features a vignette of Columbus arriving in the New World in the upper left corner. The reverse side is perhaps even more interesting, with an array of continuous geometric “flowers” surrounding the intertwined letters “US” and a block of text describing the penalties for counterfeiting. In fact, the term “greenbacks” was used for the notes thanks to their dazzling all-green colored backs. First authorized in 1862, Legal Tender Notes are the longest-lived type of U.S. paper money in the United States. Unlike other paper currency, these notes were backed only by the credit of the government, and none have been authorized since 1869.

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This item is part of Summer Splash Coin Consignments Auction 2 of 6
 Friday, Jul 23, 2021 | 5:45 PM  Eastern
 
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***Auction Highlight*** **Star Note** 1869 $1 Large Size Legal Tender Note "Rainbow Note" FR-18 Grad
***Auction Highlight*** **Star Note** 1869 $1 Large Size Legal Tender Note "Rainbow Note" FR-18 Grad
Lot number: 440
Seller: Key Date Coins
Event: Summer Splash Coin Consignments Auction 2 of 6
Ends: Friday, July 23 | 5:45 PM  Eastern

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