This is the famous 1869 $1 Legal Tender commonly referred to as the Rainbow Note. It received its name because of the beautiful Rainbow Colors across the face. The face features a portrait of President George Washington in the center and a vignette of Columbus landing in America to the left side. On the bottom right is the popular large red spiked seal. A view of the back will display the workmanship of what our currency used to look like.
FYI...On the face you will notice the top margin appears to be off from left to right.If you will LOOK CLOSELY you will notice that is not the case. The rainbow coloring is running into the margins at the left top. Your just getting extra coloring. Follow the black top border and you will see that it is even all the way across the top. Remember these 4 subject sheets were hand cut back in 1869.
The serial number is V2863828 and it is in a PCGS-58PPQ holder.The last 1869 $1 Rainbow in a PCGS-58PPQ holder to sell was in a Heritage auction on 4/23/2014 and sold for $3055.
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