Fr. 18. 1869 $1 Legal Tender Note. PMG Choice Uncirculated 64 EPQ.

Fr. 18. 1869 $1 Legal Tender Note. PMG Choice Uncirculated 64 EPQ.，This is a lovely note and quite choice. Strong color throughout provides impressive eye appeal. There is virtually no handling and the margins are comfortably broad all around, if just a trifle uneven in places. We have had the pleasure of offering this piece two times before, most recently over a quarter-century ago. <p><p>One of the most distinctive series of federal notes, the 1869 Legal Tenders are affectionately referred to as "Rainbow Notes" for their polychromatic designs and blue-tinted paper. They are very popular with collectors for their lovely colors, and many seek one of each, at least of the lower denominations though the $20 note. The higher denominations, from $50 to $1000, include some of the great rarities of the U.S. series. This $1 note represents the first time George Washingtons portrait appeared on regular-issue federal currency of the United States (not counting the interest bearing notes that were actually bonds and meant to be short term instruments from the outset). Washingtons portrait is common on notes of state-chartered banks) The portrait here was engraved by Alfred Sealey after the famous painting by Gilbert Stuart, one of the most enduring images of the first president.，From the A.J. Vanderbilt Collection. Earlier from Bowers and Ruddy Galleries Rare Coin Review #26, August 1976; Dr. Alfred R. Globus; Paramount, January 1984, lot 1002; Stacks, June 1991, lot 1047.，