Series Of 1928 G $2 Small Size Legal Tender Red Seal Fr#1508 PCGS Ch New 63 PPQ

Product Description

A Series of 1928 G $2 Small Size Legal Tender Red Seal Fr#1508 with signatures Clarke/Snyder and Serial # D87103386A graded Choice New 63 Premium Paper Quality (PPQ) by PCGS Currency. This note displays a white paper color, nice red seal and fair margins.

United States Notes’, otherwise referred to as Legal Tender Notes or ‘Greenbacks’ were a type of paper currency issued from 1862 to 1971 under the First Legal Tender Act. The term ‘Greenback’ was derived from the ‘Demand Notes’ that preceded Legal Tender Notes prior to 1862. These notes became a form of ‘fiat’ money and were not backed by any type of commodity such as gold, silver or U.S. Treasury Bonds. Simply, the United States government decreed the note as legal tender and validated its worth. All early large sized notes bore: This Note is Legal Tender for All Debts Public and Private Except Duties On Imports And Interest On The Public Debt; And Is Redeemable In Payment Of All Loans Made To The United States. Over time this statement would be modified but would remain largely the same.