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5 Dollars Demand Note - "Greenback"

Features

Issuer United States
Period Federal republic (1776-date)
Type Standard circulation banknotes
Year 1861
Value 5 Dollars (5 USD)
Currency Dollar (1785-date)
Composition Paper
Size 185 × 80 mm
Shape Rectangular
Number
N#
366606
References P# 125
Standard Catalog of World Paper Money (10 volumes).
, Fr US# 1-5
Arthur Louis Friedberg, Ira S. Friedberg. Paper Money of the United States. Coin & Currency Institute (2 volumes).

Series: Demand Notes of 1861

Obverse

Green, black, and white print; red serial number

At the left, Statue of Freedom by Thomas Crawford. At the right, bust of Alexander Hamilton, facing left, looking forwards.

Scripts: Latin, Latin (cursive)

Lettering:
FIVE
AMERICAN BANK NOTE CO. NEW YORK
NO. 80857
SERIES 8.
5
THE UNITED STATES
PROMISE TO PAY FIVE DOLLARS TO THE BEARER
ON DEMAND
A
ACT OF JULY 17, 1861.
Washington Aug, 10th 1861
Payable by the Assistant Treasurer of the United States
AT NEW YORK
4
PATENTED 30 JUNE, 1837.
for the Register of the Treasury for the Treasurer of the United States
RIBUS UNUM
RECIEVABLE IN PAYMENT OF ALL PUBLIC DUES

Reverse

Green and white print.

Script: Latin

Lettering:
5
UNITED STATES OF AMERICA
FIVE
FIVE DOLLARS

Printer

American Banknote Corporation (American Bank Note Company), United States (1795-date)

Comments

Issued betwen August 1861 and April 1862 during the American Civil War. These notes earned the name "Greenback" from the extensive green printing on the reverse.

The Statue of Freedom sit at the top of the U.S. Capitol Building.

Alexander Hamilton was the first Secretary of the Treasury.

On Varieties and Signatures
Excerpt from: Friedberg, A. L., Friedberg, I. S., & Friedberg, R. (2021). IV. THE DEMAND NOTES OF 1861: 5 Dollar Notes. In Paper Money of the United States: A Complete Illustrated Guide with Valuations (22nd ed., p. 33). The Coin and Currency Institute, Inc.

"The first plates made for the various denominations had blank spaces for two signatures, and below these spaces were engraved
'Register of the Treasury' and 'Treasurer of the United States.'

These two busy and important Treasury officials obviously could not sit down and personally autograph several million notes. Therefore, a large staff of clerks from the Treasury Department was employed to sign their own names for the two officials. The way the plates were worded made it necessary for these clerks to write also the words 'For the' in addition to their own names.

It quickly became apparent that this additional wording was both wasteful and inefficient and the plates were at once changed so that the finished printed notes read as follows, 'For the Register of the Treasury' and 'For the Treasurer of the United States.'

Compared to the total amount of notes issued, those released to the public before the plates were changed were small in number. Today, only a few survive and they are of the highest rarity and greatest historical interest."

Of the handwritten varieties, the following is known
P#125b: None issued
P#125c: 2 known

See also

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Date VG F VF XF AU UNC References
1861-Aug-10  Fr US# 1
Arthur Louis Friedberg, Ira S. Friedberg. Paper Money of the United States. Coin & Currency Institute (2 volumes).
, P# 125a
Standard Catalog of World Paper Money (10 volumes).
New York
1861-Aug-10  Fr US# 1a
Arthur Louis Friedberg, Ira S. Friedberg. Paper Money of the United States. Coin & Currency Institute (2 volumes).
, P# 125a
Standard Catalog of World Paper Money (10 volumes).
New York; handwritten "for the"
1861-Aug-10  Fr US# 2
Arthur Louis Friedberg, Ira S. Friedberg. Paper Money of the United States. Coin & Currency Institute (2 volumes).
, P# 125b
Standard Catalog of World Paper Money (10 volumes).
Philadelphia
1861-Aug-10  Fr US# 2a
Arthur Louis Friedberg, Ira S. Friedberg. Paper Money of the United States. Coin & Currency Institute (2 volumes).
, P# 125b
Standard Catalog of World Paper Money (10 volumes).
Philadelphia; handwritten "for the"
1861-Aug-10  Fr US# 3
Arthur Louis Friedberg, Ira S. Friedberg. Paper Money of the United States. Coin & Currency Institute (2 volumes).
, P# 125c
Standard Catalog of World Paper Money (10 volumes).
Boston
1861-Aug-10  Fr US# 3a
Arthur Louis Friedberg, Ira S. Friedberg. Paper Money of the United States. Coin & Currency Institute (2 volumes).
, P# 125c
Standard Catalog of World Paper Money (10 volumes).
Boston; handwritten "for the"
1861-Aug-10  Fr US# 4
Arthur Louis Friedberg, Ira S. Friedberg. Paper Money of the United States. Coin & Currency Institute (2 volumes).
, P# 125d
Standard Catalog of World Paper Money (10 volumes).
Cincinnati
1861-Aug-10  Fr US# 4a
Arthur Louis Friedberg, Ira S. Friedberg. Paper Money of the United States. Coin & Currency Institute (2 volumes).
, P# 125d
Standard Catalog of World Paper Money (10 volumes).
Cincinnati; handwritten "for the"
1861-Aug-10  Fr US# 5
Arthur Louis Friedberg, Ira S. Friedberg. Paper Money of the United States. Coin & Currency Institute (2 volumes).
, P# 125e
Standard Catalog of World Paper Money (10 volumes).
St. Louis
1861-Aug-10  Fr US# 5a
Arthur Louis Friedberg, Ira S. Friedberg. Paper Money of the United States. Coin & Currency Institute (2 volumes).
, P# 125e
Standard Catalog of World Paper Money (10 volumes).
St. Louis; handwritten "for the"

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