1928-A $5 Legal Fr. 1526 DA Block PMG 63 EPQ STUNNING QUALITY

  

A high quality Legal Tender note with vivid color. Legal Tender Notes, commonly known as United States Notes, were a form of paper currency issued by the U.

They were first authorized by the Legal Tender Act of 1862 during the American Civil War as a means to finance the war effort. Here are some key points about Legal Tender US Notes.

Legal Tender Notes were often called "greenbacks" due to their distinctive green ink on the reverse side. The obverse side typically featured portraits of notable figures, such as historical figures or U.

The designs and details varied by denomination and over time. Legal Tender Notes were a form of fiat currency, meaning that their value was not backed by a specific commodity like gold or silver. The issuance of Legal Tender Notes played a crucial role in financing the Union's war effort during the Civil War. It provided a means for the government to pay its bills and fund military operations. Legal Tender Notes were issued in various series, with each series denoted by a different year.

The design, portraits, and other features were updated over time. Transition to Federal Reserve Notes. Over the years, the issuance of Legal Tender Notes decreased, and they were largely replaced by Federal Reserve Notes, which are the more common form of U. Paper currency in circulation today. Legal Tender Notes, especially those from earlier series and in good condition, are sought after by currency collectors and numismatists. The historical significance, unique design features, and the green ink make them interesting collectibles.