Fr. 95b (W-1264). 1863 $10 Legal Tender Note. PCGS New 62 PPQ.

Fr. 95b (W-1264). 1863 $10 Legal Tender Note. PCGS New 62 PPQ.，A wonderful example of this early $10 Legal Tender Note featuring large margins and naturally wavy paper. The color is incredibly bold on this particular note, with rich green protector prints and deep red seal and serial numbers. It offers the immediate appeal of a Very Choice example and is among the top 20 graded. Another beautiful note from the Joel R. Anderson Collection that will be affordable to many bidders and will nicely fill a place in a type set.<p><p><p><strong>$10 Legal Tender Notes, Series of 1863, Second Obligation</strong><p>The Series of 1863 notes continue the motifs used on the First and Second Obligation Legal Tender Notes of 1862. The "obligation" is lettered on the back, and for the 1863 notes reads "This note is a Legal Tender for all debts public and private, except for duties on imports and interest on the public debt, and is receivable in payment of all loans made to the United States."<p>In the hectic and confused monetary situation of 1863, duties on imports and payments in public debts had to be made in specie-gold and silver coins-which could be purchased from banks and bullion dealers by paying a stiff premium in Legal Tender Notes.<p>The face design is the same as that used earlier on $10 Demand Notes and features the portrait of Abraham Lincoln engraved by Charles Burt who utilized a photograph taken by C.S. German.At the top is a stock vignette of an American eagle created by Toppan, Carpenter and Company for use on state bank notes, passing to the American Bank Note Company in the merger of 1858. To each side is a green "10" counter. To the right is seen a standing woman, an artist with palette and drawing board, variously called <em>Art </em>or <em>Painting. </em><p>Printed on plate for F-95b (W-1264): March 10th 1863 "American Bank Note Co. New York" above bottom border. All face plates have a stylized "n" for National Bank Note Company. Two serial numbers. New Series 48 to 56. The print run was 800,496. We estimate that fewer than 200 exist, most of which are in lower grades.，From the Joel R. Anderson Collection of United States Paper Money, Part I. Earlier from Lyn Knights sale of November 2006, lot 117; Lyn Knights sale of June 2011 lot, 1038.，