1891 $1 Treasury Note Fr.352 Bruce-Roberts Small Red Seal Choice VF35 PPQ PCGS

This 1891 $1 Treasury Note, Friedberg 352, represents a classic issue from the late 19th-century era of United States paper money, graded Choice Very Fine 35 PPQ by PCGS Banknote. Commonly referred to as a “Coin Note,” this series was issued under the Sherman Silver Purchase Act and was redeemable in coin, reflecting the monetary policies of the time.

The obverse prominently features a detailed portrait of Edwin M. Stanton, Abraham Lincoln’s Secretary of War, engraved with remarkable precision. Surrounding the portrait is intricate scrollwork and lathe designs, complemented by a vivid red Treasury seal and matching red serial numbers, characteristic of this Small Red Seal variety. The obligation text and denomination are boldly displayed, reinforcing its historic role in U.S. commerce.

The reverse showcases an ornate green design with large stylized “1” counters and a central “ONE DOLLAR” motif, framed by elaborate geometric patterns typical of the period. These engravings highlight the craftsmanship of the Bureau of Engraving and Printing during a time when anti-counterfeiting artistry was paramount.

Graded 35 PPQ, this example exhibits moderate circulation with strong paper integrity, original crispness, and pleasing color retention. Notes with Premium Paper Quality designation are especially desirable, indicating originality and minimal restoration. Treasury Notes of 1891 remain highly collectible due to their historical significance, distinctive red seals, and connection to America’s silver-backed currency system.

Year: 1891 Title: $1 Treasury Note Fr.352 Bruce-Roberts Small Red Seal Denomination: $1 Dimensions: 189 x 79 mm Thickness: Standard banknote paper (approx. 0.1 mm)