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Value of One Dollar Bill from 1862
Year:  1862 Type:  Legal Tender / United States Note Denomination:  One Dollar Bill
Value:  The value of one dollar notes from 1862 is based on condition and serial number.

We purchase $1 bills from 1862.  Send us an email to tell us what you have admin@oldcurrencyvalues.com.  We will respond quickly with our opinion and offer.

Description:  *If the serial number on your 1862 one dollar bill is 40617, then you have a worthless modern reproduction*  Authentic 1862 ones were the first one dollar bills issued by The United States.  They feature a portrait of Salmon P Chase.  All of these notes were signed by Chittenden and Spinner.  They will also have a spiked red seal.  The artwork on the back of 1862 ones is especially geometric. 

The term "greenback" derives from this bill.  As you can see below, the back of 1862 ones were green.  Generally speaking 1862 one dollar bills are common and readily available.  However, there are always exceptions to the rule. 

Variations:  There are no design or signature variations to the 1862.  However, these bills were printed by private companies.  The company and placement of their monogram can significantly affect values.  Both the National Bank Note Co. and the American Bank Note Co. printed these bills for the United States Government.  Send us a picture of what you have so we can help identify if you have one of the rare varieties.
Inscriptions:  Act of July 11th 1862  -  Series ###  -  The United States Will Pay The Bearer One Dollar At The Treasury In New York  -  Register Of The Treasury  -  Treasurer Of The United States  -  Washington  -  Amer Septent Sigil Thesaur  -  August 1st 1862  -  This Note Is A Legal Tender For All Debts Public And Private Except Duties On Imports And Interest On The Public Debt; And Is Receivable In Payment Of All Loans Made To The United States