|Title||1815 $20 Treasury Note|
|Description||1815 Twenty Dollar Note
War of 1812 Issue, Unsigned Remainder
Issued from 1812-1815, these notes would be redeemable as payment for government duties and taxes. While they were not technically legal tender, they served a de facto role as America's first circulating currency, as merchants and individuals used these notes in that capacity. Featured here are three of the small denomination notes from the 1815 issue. Although they were non-interest-bearing instruments, they were exchangeable for a 7% stock at the government's discretion.
This example is from The Joe I. Herbstman Memorial Collection of American Finance.
|Image Collection||The Joe I. Herbstman Memorial Collection of American Finance|