It is astonishing that more than 1000 examples of legal tender notes from 1862 to $2.00 that exist in all classes are known. A nice medium quality ticket sells for about $800 to $1000. The notes are often found in poor quality and often with edge cracks. The paper on these topics was much less robust than the one on all other topics. A range of values for this note would be $300 for a cloth and up to five digits for a perfect example. The $50.00 note from 1862 is a very rare form with fewer than 25 known notes. Because of this rarity, it`s an expensive note. Even a pathetic example will bring thousands and the highest-rated ratings are well within the five-digit range. This is another clue where counterfeits are known. You need to be careful when buying this series. If you have $50 in 1862 and want to know if this is a legitimate problem, please send me a picture.
An extremely rare and majestic touch, the $100.00 note from 1862, is sometimes called the Spread Eagle and it is an iconic design, there are about 25 of them known, so when they come to the auction, they attract people`s attention. Guys arguing about such notes are always fun to watch. The range of values on this note would be 20k for a cloth and about 50k for an average grade. No undistributed notes are known in this series. If someone were to show up, I think it would be a six-digit note. Since fewer than 80 are known, legal tender 1862 to $20.00 notes are not easy to obtain and will be expensive if found. A rare and very expensive touch in high quality. Even in low qualities, they will be expensive. A range of values for this note would be between about $700 and $6,000. Curiously, the highest rated rating in this series is a About Uncirculated.
If you were to put one of them in an undistributed medium, it wouldn`t surprise me if it was a five-digit note. Grey/green leaf prices are the wholesale market levels for collector coins/paper money designed to indicate what a merchant or wholesale buyer would pay for the item described in the specified category. Greysheet/Greensheet represent the values of “view lakes” based on a buyer`s rating. The real value can be more or less, depending on factors such as the attractiveness of the eyes and the timing of the market. In 1862, the federal government issued money for the first time in the form of the 1862 series legal tender note. The $1.00 series was advertised as the greenback and gave us a nickname that is still used today. 1862 Legal tender was printed on very fine paper, so high-quality examples are very rare. The following denominations were issued in 1862: $1.00, $2.00, $5.00, $10.00, $20.00, $50.00 and $100.00. $50.00 and $100.00 bills are very rare and have a lot of value when they appear.
The vignettes are starting to get more interesting on the 1862 $5.00. The image on the left is an image of Freedom sitting on capitol hill in Washington DC. These notes have been saved as packaging so that undisclosed examples are readily available. A nice medium-heavy ticket costs about $600 to $800. The value range of this note would be between $200 and $5,000. The legal tender bills in the 1862 series were the first bonds issued by the federal government. They received the nickname Greenbacks for the color of the back. These notes were printed on paper, which was very fragile, so it is common to find them in a terribly compromised state.
Fortunately, they also often come in an uncirculated state. A nice example costs about $400.00 to $700.00. A range of values for this note would be $200 for a cloth and can reach several thousand for a piece of jewelry. The $10.00 note from 1862 is the first note on which we see the Spread Eagle pattern. This eagle and the $100 one are very characteristic of this series and offer a beautiful design. The $10.00 is where scarcity sets in. The $1, $2, and $5 are all readily available in high quality. That is not the case with the $10. When found, they tend to be rags. Plus, they`ve been heavily falsified, so it`s hard to tell if you have a real note that`s well worn out or a fake one that`s been aged as part of the scam.