shirohniichan Posted February 5, 2008 Report Share Posted February 5, 2008 As far as I can tell, the 1890 Treasury or "Coin" notes were the first notes issued with no limits on use. The obligation on the reverse reads, "This note is a legal tender at its face value in payment of all debts public and private except when otherwise expressly stipulated in the contract." I noticed that Legal Tender issues from 1862 on have the following stipulation: "This note is Legal Tender at its face value for all debts public and private except duties on imports and interest on the public debt" (emphasis added). So are the 1890 Treasury notes the first that could be used to pay import duties and taxes? Link to comment Share on other sites More sharing options...
shirohniichan Posted February 6, 2008 Author Report Share Posted February 6, 2008 I've found that silver certificates issued since 1886 say, "This certificate is receivable for customs, taxes, and all public dues and when so received may be reissued." Does anyone know of any earlier notes that could have been used to pay customs and taxes? Link to comment Share on other sites More sharing options...
vcavo Posted February 6, 2008 Report Share Posted February 6, 2008 I'm sure if you placed $100 worth of 1862 notes on your bank interest debt. they would take it..... I would.... Vince Link to comment Share on other sites More sharing options...
Conder101 Posted February 6, 2008 Report Share Posted February 6, 2008 14th century Ming dynasty notes made from mulberry paper. They had no backing and were "legal tender". By royal decree they had to be accepted for all payments. Link to comment Share on other sites More sharing options...
jtryka Posted February 7, 2008 Report Share Posted February 7, 2008 I'm sure if you placed $100 worth of 1862 notes on your bank interest debt. they would take it..... I would.... Vince Not in 1862 they wouldn't! Link to comment Share on other sites More sharing options...
shirohniichan Posted February 7, 2008 Author Report Share Posted February 7, 2008 14th century Ming dynasty notes made from mulberry paper. They had no backing and were "legal tender". By royal decree they had to be accepted for all payments. Um-- that's a bit further back than I was thinking about. What were the first US notes that didn't have restrictions against use to pay duties, taxes, etc.? Link to comment Share on other sites More sharing options...
Yankochevelle-migration Posted May 10, 2008 Report Share Posted May 10, 2008 It was in-deed 1862 FR-16 $1.00 Notes! Link to comment Share on other sites More sharing options...
