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United States Notes

United States Notes are a type of paper money that was issued from 1862 to 1971 in the United States, longer than any other form of U.S. paper money. They were known popularly as "greenbacks", a name inherited from the earlier greenbacks that they replaced in 1862. Often termed Legal Tender Notes, they were named United States Notes by the First Legal Tender Act, which authorized them as a form of fiat money. During the early 1860s the so-called second obligation on the reverse of the notes stated: "This Note is a Legal Tender for all debts public and private except Duties on Imports and Interest on the Public Debt; and is receivable in payment of all loans made to the United States." These nine United States Notes, in denominations from $1 to $1000, were issued in 1880. Each bears the signatures of the register of the Treasury and the treasurer of the United States, and a portrait of a different individual, identified above. The banknotes are part of the National Numismatic Collection at the Smithsonian Institution.Banknote design credit: Bureau of Engraving and Printing; scanned by Andrew Shiva