These Treasury notes were issued as a result of the Legal Tender Act of July 14,1890. This act authorized the Seceretary of the Treasury to issue these notes in payment for Silver purchased by the Treasury Department. These notes were auctually redemable in either silver or gold coin at the discreation of the Secretary of Treasury. They were issued in denominations of $1, $2, $5, $10, $20, $50, $100 and $1,000 in the 1890 and 1891 series. A $500 dollar note with a picture of General Sherman was authorized but never issued into circulation. The series of 1890 are very attractive and bears the Large Brown Seal, which is always popular.
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