Demand note

Demand note: Demand notes, authorized in 1861, were the first paper money issued by the United States federal government for circulation. Nicknamed the "greenback" because of the green ink used on the back (reverse) of the note.

Demand Note - First issued in 1861, this was the first U.S. Federal Currency made during the Civil War..
Denarius - The standard Roman silver coin.

Demand Notes
Introduction
As a class, Demand Notes are very rare. Some varieties, such as the early issues with handwritten "for the," are exceedingly rare.

1861: A demand note with Lady Liberty holding a sword and shield on the front, and an abstract design on the back. The back is printed in green.
1862: A note that is very similar, the first $20 United States note.

6 $10 Demand Note graded PCGS Fine-12 that netted $3,105. Among our extensive selection of Canadian coinage is a 1900 50 Cents that sold for $19,550, and a beautifully toned 1903-H 50 Cents that required $21,850 from the winning bidder.

Any Federal Demand note of 1861 ($5, $10 & $20) with an "on demand" inscription - but missing the treasury seal. So called, as these were the first Treasury notes to use green ink on the back designs.

The collector may encounter Demand Notes, Compound Interest Notes, Treasury Notes and numerous others. Each of these different forms of paper money has an interesting, sometimes extraordinary story to tell.

They immediately followed the Demand Notes of 1861, and also the Interest Bearing Notes at the time, which were an offshoot of government bonds that were allowed to circulate. They preceded the National Bank Notes and Gold Certificates of 1865.
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See also: Silver, Coin, Denomination, Currency, Gold