Description from HiBid
1869 $2 Large Size Legal Tender Note "Rainbow Note" Grades vf+ Signatures Alison/Spinner. FR-42 One of the most coveted and sought-after currency pieces in American history is this 1869 Legal Tender Series “Rainbow” Note, so named for the colorful appearance of the front design, which features a red Treasury seal and serial numbers, a green frame around the serial number, a green tint at the top of the note, and a vertical blue tint or “stain” that runs vertically through part of the paper. Not only are the 1869 Legal Tender Series notes the only notes which bear the label “Treasury Note” instead of the label “United States Note,” Listed as #41 in the book 100 Greatest Currency Notes by Q. David Bowers, the Rainbow Note also features a vignette of The US U.S. Capitol. In fact, the term “greenbacks” was used for the notes thanks to their dazzling all-green colored backs. First authorized in 1862, Legal Tender Notes are the longest-lived type of U.S. paper money in the United States. Unlike other paper currency, these notes were backed only by the credit of the government, and none have been authorized since 1869.
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