$5 1861 Demand Note - New York Fr. 1 FIRST PAPER MONEY ISSUED BY UNITED STATES PMG VF 25

Traditionally, the 1861 Demand Notes are considered by most as the first circulating Federal currency. All Demand Notes (less than 500 are known of all types) are scarce to exceedingly rare. New York Demand Notes are encountered, but often in low grades and with faults. This Series 4-position A example boasts bold colors and complete, even margins on both sides. Acquiring a Friedberg 1 in any condition is an impressive feat; however, owning this bright, problem-free example is nothing shy of a trophy. The last two notes in this grade both had repairs and brought $9k and $8400 in auction in 2022. This should be a no-brainer at this price and in this state of preservation.

Series Year	1861
Country	United States
Denomination	$5
Grade	25
Signature	Various
Grading Agency	PMG
Category	Legal Size Notes The Demand Notes of 1861
Serial No	47233 / Series 4
Status	Active
Seal	No seal
Fr / Pick #	1
Additional Info	-