Fr. 18. 1869 $1 Legal Tender Note. PCGS Banknote Gem Uncirculated 65 PPQ. The 1869 Series of Legal Tender Notes are among the most desirable issues in all of American federal currency. Instantly recognizable by their beautiful hues of green, blue and red. Bills from this series are popularly referred to as "Rainbow Notes." The $1 offered here portrays George Washington within an oval frame at center. The portrait was engraved by Alfred Sealey and was based on the famous painting by Gilbert Stuart. At left is the vignette Columbus in Sight of Land as engraved by Joseph P. Ourdan. Green tints are seen along the top border of the design and a green serial number panel is to the lower left. A large red spiked Treasury Seal is at right. The serial numbers are in red and found to the lower left and upper right. The type features the engraved signatures of Treasury officials Allison and Spinner at the bottom left and right respectively. The back is intricately printed in green with the imprint of the National Bank Note Company at bottom center. Legal Tender and anti-counterfeiting language are found in a panel at right. These notes come on blue tinted security paper based on Wilcoxs 1866 patent. Series of 1869 notes were issued from October 19, 1869 to July 25, 1874. Nearly 42 million examples of the $1 denomination were printed.<p>The presently offered note displays wonderful Gem details with all the qualities collectors could dream of. PCGS Banknote has yet to release a population report, but we imagine this note would be at or near the top. This is a wonderful example of a very popular large size federal design type. The present piece is about as nice a note as one could hope to obtain.<p>
