1861 $5 Note FR 2 Demand Note Philadelphia PMG VF25

$7,000.00 USD

This is the first type of paper money issued for general circulation here in the United States. Released shortly after the start of the Civil War in 1861; these notes were not widely accepted by the American public. People wanted gold and silver coins; not these so called "Greenbacks." The desire for gold and silver was so strong that these notes circulated for less than their face value; sometimes up to 50% less! Listed as #2 in the Friedberg book and #38 in the 100 Greatest American Currency Notes; this note is a great example of the inception of paper money here in the United States.