***Auction Highlight*** Ultra Rare 1891 $1 Trteasury Note "Stanton Note" FR-351 Tilman-Morgan Grades

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  Lot #474  (Sale Order: 317 of 584) 
Sold for: $350.00 to t****0
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***Auction Highlight*** Ultra Rare 1891 $1 Trteasury Note "Stanton Note" FR-351 Tilman-Morgan Grades xf+. Way out in the Wild, Wild West of the 19th century, folks liked carrying big Silver Dollars around in their pockets. But, back East, folks didn't. Their solution: Treasury Notes. When the Treasury Department purchased a dollar's worth of silver bullion, they gave the seller a $1 note that was redeemable at any time for silver or gold. It was literally a receipt. This satisfied the Easterners who could then carry the notes in their wallets. This 1891 $1 note features Lincoln's Secretary of War Edwin Stanton. It's one of the most intricately engraved notes, showing a red Treasury seal, serial numbers and three ornate patterns on the reverse. Compared to other types of notes, these were issued in small quantities (only as many as the silver the Treasury bought). And, because they were "as good as gold," they were a preferred means of exchange and circulated heavily. As a result, these Stanton Notes are very hard to find today. Edwin M Stanton is the bearded man on the left hand side of the bill. Edwin McMasters Stanton was an American lawyer and politician who served as Secretary of War under the Lincoln Administration during most of the American Civil War. Stanton's management helped organize the massive military resources of the North and guide the Union to victory

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This item is part of Fabulous Fall Coin Consignments Auction 1 of 6
 Saturday, Sep 18, 2021 | 5:45 PM  Eastern
 
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***Auction Highlight*** Ultra Rare 1891 $1 Trteasury Note "Stanton Note" FR-351 Tilman-Morgan Grades
***Auction Highlight*** Ultra Rare 1891 $1 Trteasury Note "Stanton Note" FR-351 Tilman-Morgan Grades
Lot number: 474
Seller: Key Date Coins
Event: Fabulous Fall Coin Consignments Auction 1 of 6
Ends: Saturday, September 18 | 5:45 PM  Eastern

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