Lot 3122
1862, $1 United States Note. . Fr-16. . KL-3. PCGS Gem New 65. Serial Number 1845. The 1-2-3 within the engine-turned circle on the front of this note supposes that the government intended for there to be a $3 denomination. The $2 was printed, but never the odd-man-out three. A beautiful Gem note that has vibrant colors with nice fresh paper. Plate position A.
This is the first issue legal tender note that depicts Salmon P. Chase, the Secretary of the Treasury under Lincoln when this note was printed. The story says that Chase's political aspirations were responsible for having used his own portrait on the note. Later he served as Chief Justice of the Supreme Court. He is well known among numismatists for his efforts to have the motto IN GOD WE TRUST adopted on our coinage.
Estimated Value $3,000 - 3,500.
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| Realized $3,680 |
