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1862 bondholders note

Started by CBH-migration,

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CBH-migration

CBH-migration

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I recently acquired an 1862 $1 bondholders note. It looks like the $1 Chase greenback but Chase faces left and it is a different picture of him. Some of the words are different than on the $1 greenback. The back of the bond looks like the back of the greenback but words "including the 5-20 bonds" are added at the bottom of the circle. Where can I get some info on this note?

 

 

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CHAWK

CHAWK

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CBH,

 

This note is a political piece and not in fact actual legal tender. After the Civil War, bondholders were dissatisfied in the manner they were paid. The government wanted to pay in new bond issues only, so this mimic note was created to represent and promote the views of the bondholders. Thanks for your question and congratulations on your new addition to your collection.

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