First introduced in 1862 and remaining in circulation until 1971, United States Notes, or Legal Tender Notes as they are also called, were the original "greenbacks" thanks to their green, reverse sides. At the time of their debut, the notes were controversial because they were not backed by gold. In other words, the paper was valuable simply because the government said it was.

The earliest United States Notes look a bit like stock certificates, with their detailed, patterned engraving and formal appearance. Collectors seek out these earliest notes, of course, but they also go for the so-called Rainbow Notes of 1869, which were colored in green, red, and blue, and had red and blue jute fibers in the paper to prevent counterfeiting.

The currency was redesigned several times in the 1870s and in 1880. A much beloved note is the $10 bill from 1901, whose front features a buffalo flanked by portraits of Lewis and Clark. A few years later, in 1907, the same image of a pioneer family that had graced the fronts of 1869 United States Notes also appeared on that year’s $5 bill...

Smaller notes with red seals on their faces, similar to the size of today’s currency, were printed in 1928, 1953, 1963, and 1966, but by that time Federal Reserve Notes were much more widely circulated—in 1910, United States Notes accounted for one-tenth of all paper money in circulation, but by 1960 that percentage had dropped to one-hundredth. It was not until the 1990s that Congress eliminated an 1878 statute requiring the Treasury to issue United States Notes.

About our sources | Got something to add?

▼ Expand to read the full article ▼

Interviews & Articles

Tony Swicer Explains How He Started Collecting Kentucky Bank Notes

I started collecting when I was about 10 years old. My father was in the Air Force, so he got me started collecting everything—coi… [more]

An Interview with Smithsonian Coin and Currency Curator Richard Doty

When I was 8 years old I had a friend named Jimmy Hood. His father was in the army, and he had been on the staff with General MacA… [more]



Best of the Web (“Hall of Fame”)

American Currency Exhibit

American Currency Exhibit

This collection, from the Federal Reserve Bank of San Francisco, runs from 1690 through half a dozen eras including… [read review or visit site]

Bank Note Bank

Bank Note Bank

This world banknote and currency image-sharing database is notable for its breadth of contributors and content (abo… [read review or visit site]

Banknote World

Banknote World

With more than 20,000 high-res scans of world banknotes (front and back views), Ron Wise's website is a mandatory s… [read review or visit site]

Two Cent Revenue Stamped Paper

Two Cent Revenue Stamped Paper

Everything you'd ever want to know about revenue stamped paper (first authorized in 1862). This site features infor… [read review or visit site]



Clubs & Associations: US Paper Money

Other Great Reference Sites: US Paper Money

Top eBay Auctions

Showing 60. See all 293 by  highest bidmost watchedcompleted
1934a $500 Dollar Bill - New York Reserve - Beautiful Condition!$400 Fv In Series 1966 Red Seal $100 Bills And A $100 1966 Star Note!1966 United States $100 Bill Lot Of 4 Red Seal Us Currency1966 $100 Star United States Note Gem Uncirculated1928 $1 Legal Tender Red Seal Ultra Gem Unc235 Silver Certificate's One Dollar Bills, Good To Poor Shape (2) 100.00 Dollar Billsus Note Red Seal1966 Series1966 Red Seal $100 United States Note (2) Note Lot 1966 And 1966a $100 Red Seal Federal Reserve Extreme High Grades*superb* 1963 $5 Star Red Seal Pmg ** Gem Cu + 66 EpqRed Seal $100 1966 Pmg Graded Ef EpqUs Note $100 Dollars Paper Money Currency 1966 . Red Seal RareLot Of 25 1953-1963 $2 Two Dollar Red Seal Notes Circulated Condition $50 Face Us Currency 1966 $100 Dollar Franklin United States Note Red Seal CirculatedLot Of 25 1928 Red Seal $2 Two Dollar Notes Circulated Condition $50 Face ValueUs Currency 1966 $100 Dollar Franklin United States Note Red Seal CirculatedUs Currency 1966 $100 Dollar Franklin United States Note Red Seal CirculatedRed Seal $5 1963 Group Of 100 Notes Vg-vfCollection Of Old Us Currency: Red Seals, Blue Seals, Yellow Seals And MoreRed Seal $5 1953's Or 1963's Group Of 14 Notes Vg1917 $2 Two Dollar Bill Legal Tender Note25 1953 - 1963 $2 Two Dollar Red Seal Usa Notes Very Good - Extra FineRed Seal $5 1953's Or 1963's Group Of 12 Notes VfLot Of 10 $5 Red Seals 1963 & 1953 Silver Certificates Average Circulated Lot Of 13 U.s. $5.00 Red Seal NotesTen $5 Red Seal Legal Tender Federal Reserve Us Note 1928 - 1963 Free ShippingSix 1953 $2 Two Dollar Bills, Crisp Red Seal, Some Consecutive #s, # Error!1953 $2 Red Seal Currency Note Lot Of 161963 $1 Federal Reserve Star Note (7 Notes) Pcgs 64 Ppq No Reserve Auction #1101953c $5 Legal Tender ***star*** Pmg Choice New Uncirculated 64epq Fr#1535*$2 1928b Red Seal Legal Tender Note Key Series Pmg Choice Very Fine 35 EpqLot Of 13 $2 Bill United States Notes 1928 & 1953 Series Circulated1977 $10 Federal Reserve Note Pmg 65 No Reserve Auction #116200 Brand New Thick Top Load Rigid Currency Holders8 Circulated 1928 Series D E F G $2 Two Dollar Red Seal United State Notes C21$1 1928 Red Seal F15 Wailuku Hoard1928 $1 Silver Certificate (funny Back) Pgcs 64 Ppq No Reserve Auction #117Five $5 Five Dollar Bills 1928 1950 1953 1963 Fed Reserve & U.s. Notes Red Seal11 Lot Of Red 2 Dollar Bills 8-1928 -2 Dollar Bills And 3-1953 -2 Dollar Bills1928 $20 Dollar Bill-crisp & Clean-w/bonus 10 1957 $1 Silver Certificates-f,vfUnited States Lot Of 10 1928d $2 Red Seal United States Notes Circulated ShownRare 1928 $1 Dollar Us Bank Note *red Seal* Circulated Funny Back Woods / WoodinUncirculated 1976 $2 Star Note Free ShippingLot Of 10 -1953 $2.00 United States Notes + Circs + No Reserve!!Imperfect Lot $24 Dollars Fv Old Us Money $1 Blue Silver $5 $2 Us Note Red Star Imperfect Lot $24 Dollars Fv Old Us Money $1 Blue Silver $5 $2 Us Note Red Star 3 Uncut Sheets Of Currency $1 $2 $5 Series 2003aHgr 1963 $5 U.s.note Pcgs Superb Gem 68ppqUs 1934 2 - $10 Dollar Bill Old Paper Mone1928 Red Seal $1 United States Note Nice Grade Rare Note$2 1928f Red Seal Us Note - Gem Unc 65 Opq !5 - $5.00 Red Seal 1963 Notes, Gently Circulated, Good Looking Bills * Look *1928g-1963 $2 Red Us Deuces Set Of 7! All Grade Fine! Old Us Paper Currency!1928-f $5.00 United States Note -au *****see Photos*****$2.00 Dollar Circulated U.s. Bills (11) $22.00 1 Lot1928d-1953c $2 Red Us Legal Tenders Set Of 11! Old Us Paper Money Currency!Three Consecutive Crisp Uncirculated 1963 Red Seal Two Dollar Bills1935a Hawaii Emergency Currency Fr.2300 Vf+ My Inventory # 67*uc* 1928a $5 Legal Tender Note!!! Pcgs Very Fine 3520 Red Seal $2 Notes 1953 1963 Almost Uncirculated United States #68