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1917 $1 Large Size Legal Tender, Signatures of Elliot & Burke, FR-37 Grades Choice CU

Currency:USD Category:Coins & Paper Money Start Price:20.00 USD Estimated At:250.00 - 500.00 USD
1917 $1 Large Size Legal Tender, Signatures of Elliot & Burke, FR-37 Grades Choice CU
1917 $1 Large Size Legal Tender, Signatures of Elliot & Burke, FR-37 Grades Choice CU. 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, 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.