1864 - $1.00 Depreciated Currency |
$1.00 Legal Tender Note |
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December 1863 Egypt, via
England and Boston, to Long Meadow, Massachusetts, double 33¢
rate |
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| Effective May 1, 1863 all postage due mail arriving from abroad could be paid either in coin at the regular rate or in depreciated paper currency at a rate that fluctuated with the actual value of currency against silver. |
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$1.00 Legal Tender, first series, August 1, 1862 |
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The first national currency was authorized by the Legal Tender Acts of 1862. The issuance of green backs was in response to the lack of circulating coins and the need to finance the Civil War. These notes were not redeemable in coin. |
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Richard Frajola, May 2006 |
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