1862 One Dollar United States Note (Legal Tender) Rating

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The Series 1862 One Dollar United States Note (Legal Tender) is the first one dollar note and one of the earliest “greenbacks” produce by the federal government. On the front left side, it features a portrait of then Treasury Secretary Salmon P. Chase. All these notes have a small red spiked seal and were signed by Treasury officials Chittenden and Spinner.


1862 One Dollar United States Note Distrubution By Variety


There are several varieties of this note and they are generally differentiated by who printed them and the placement of the printing company’s name. Some were printed by the National Bank Note Company and others were printed by the American Bank Note Company. The legend below describes each version in greater detail.


1862 One Dollar United States Note Distrubution By Grade


More than twenty-eight million of the notes were printed and about 2,000 have survived. These notes are readily available on the collector’s market but demand is decent because this was the first federal dollar bill. Most that have survived are in the mid to high circulated grades from very fine to about uncirculated. Prices for the common varieties of those grades range from $1,000 to $2,000. Uncirculated notes are much less common and the price of entry is about $3,500.


1862 One Dollar United States Note Values


YearTypeAvailabilityG4VG8F15VF25VF35EF45AU55CU63CU64CU65
1862Type 1105001500018375-5000075000----
1862Type 2156-349449149515382099357041206895
1862Type 312429041375094013001950353552807435
1862Type 4350537731-1132166323313553712514700
1862Type 5139335--65416991899349543906240

Type Descriptions

  • Type 1 - NATIONAL BANK NOTE CO. and AMERICAN BANK NOTE CO. N.Y. above lower boarder.
  • Type 2 - NATIONAL BANK NOTE CO. and AMERICAN BANK NOTE CO. N.Y. above lower boarder with the addition of ABNCo monogram added near the right boarder.
  • Type 3 - NATIONAL BANK NOTE CO. printed twice above lower boarder.
  • Type 4 - NATIONAL BANK NOTE CO. printed twice above lower boarder with the addition of ABNCo monogram added added to the right end.
  • Type 5 - NATIONAL BANK NOTE CO. printed twice above lower boarder and "series" printed left of the top serial number.
This price guide was last updated on: June 08, 2017