Pierre Fricke

February, 2017

United States of America – 22-25 states – 1861 – 1865

1860 – US Coins, Bank issued paper money

April, 1861 – War breaks out with CSA

July, 1861 – Short war hopes dashed at Manassas

Acts of July 17 and August 5 authorized bonds and $50,000,000 in non-interested bearing currency –Demand Notes

Act of February 1862 added $10,000,000 more

$5, $10, $20 denomination

1st paid to government employees and soldiers Then contactors and others

New York City, Philadelphia, Boston, Cincinnati, and St. Louis

Many did not accept

Treasury circular to assistant Treasurers to redeem in gold

Good at par to December 28, 1861

April 1, 1862 entire $60 million was issued

American Bank Note Co.

Freedom on top of US Capitol at left

Alexander Hamilton

Hand signed

Perhaps 400-500 known

F 12 = $2500

VF 20-25 = $4000-$5000

VF 35 = $15000-$18000

AU 50 = $50000

American Bank Note Co.

Abraham Lincoln at left

Eagle on olive branch with shield

“Art” allegory at right

Hand signed

Less than 200 known

F 15 = $6000

VF 20-25 = $12000-$20000

VF 30 APP = $12000-$18000

American Bank Note Co. & National Bank Note Co.

Liberty standing with sword and shield

Hand signed

Less than 30 known

F 12 = $40000

VF 20 NET = $62000

VF 20 = $98000Images courtesy of Heritage Auctions

Published 2012

Introduction

Historical context

Well illustrated

Deep Dive

Pricing

900 pages

Published by Whitman

$69.95