Fr. 1. 1861 $5 Demand Note. PMG Very Fine 20.

Fr. 1. 1861 $5 Demand Note. PMG Very Fine 20. Similar to their Legal Tender counterparts in aesthetic terms. The Demand Notes of the early 1860s were first issued in August 1861 as a means to help finance the ongoing conflict between the states. Payable at five different locations and bearing the penned signatures of various Treasury officials who labored ceaselessly on behalf of their superiors and nation, the designs used are very similar to the Legal Tender Notes that were introduced in 1862. At left, an engraved adaptation of Freedom sculpted by Thomas Crawford can be seen opposite a portrait of Alexander Hamilton. The same basic coloration is likewise retained but emphasized by a noticeably different design on the back which does well to emphasize a patented shade favored by the American Bank Note Company. Developed by the Canadian branch of the American Bank Note Company per Nicholas J. Bruyer's book U.S. Treasury Notes 1812 - 1865: An Illustrated History, this shade is particularly distinct on this specimen with regards to the verso while the patent imprint may be seen below the "NEW YORK" imprint and helps underscore the many attractive qualities endemic to this scarce piece of American monetary history from the 1860s. Estimate: $3,000 - $5,000. Click here for certification details from PMG.

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