1891 $1 Treasury Note | Large Size Stanton Bill | Rare U.S. Paper Money

1891 $1 Treasury Note | Large Size Stanton Bill | Rare U.S. Paper Money

1891 $1 Treasury Note, often referred to as the “Stanton Bill”, is a highly collectible piece of U.S. paper money from the late 19th century. Known for its intricate design, large size, and historical significance, this note is a prized item among currency collectors. Featuring Edwin M. Stanton, the U.S. Secretary of War during the Civil War, this bill is one of the few U.S. notes to honor a non-president.

What Are Treasury Notes?

Treasury Notes, sometimes called “Coin Notes,” were issued under the Act of July 14, 1890, allowing the U.S. government to purchase silver bullion and issue currency in return. Unlike Silver Certificates, which were backed by silver held in Treasury reserves, these notes could be redeemed in either gold or silver, at the discretion of the Treasury.

Issued between 1890 and 1891, Treasury Notes were only available for a short period, making surviving examples extremely scarce and valuable. The 1891 $1 Treasury Note represents one of the most affordable denominations in this short-lived series, yet it remains a significant collector’s item due to its rarity and design.

Design and Features of the 1891 $1 Treasury Note

This large-size note showcases the elaborate and detailed artistry that characterized 19th-century U.S. currency. Key design elements include:

• Portrait of Edwin M. Stanton – The central feature of the note is an engraved portrait of Edwin M. Stanton, the U.S. Secretary of War under Abraham Lincoln, known for his strong leadership during the Civil War.
• Intricate Ornamental Border – The note features a highly detailed ornamental border, making it one of the most visually appealing designs of its time.
• Red Treasury Seal – A bold red Treasury seal is displayed prominently, signifying its status as a Treasury Note rather than a Silver Certificate or Legal Tender Note.
• Fancy Serial Numbers – Many examples feature elaborate and unique serial number styles, adding to their collectibility.
• Reverse Design (Back of the Note) – The back features an intricate green design, commonly referred to as the “Greenback” style, which enhances its artistic appeal.

Rarity and Collectibility

The 1891 $1 Treasury Note is considered rare, especially in higher grades. Collectors seek this note for several reasons:

1. Limited Issuance – Treasury Notes were only printed for two years (1890-1891), making them far scarcer than other forms of U.S. currency from the era.
2. Unique Design – Featuring Edwin M. Stanton, this note is one of the few to depict a U.S. Cabinet official rather than a president.
3. Large-Size Format – Measuring approximately 7.4 x 3.1 inches, this note belongs to the era of large-size U.S. paper money, making it more impressive than modern currency.
4. Historical Significance – As part of the short-lived Treasury Note series, this bill represents an important period in U.S. monetary history.

Investment Potential

Due to its historical importance and rarity, the 1891 $1 Treasury Note has steadily appreciated in value. Whether in Fine, Very Fine, or Uncirculated condition, this note remains a strong investment piece in the numismatic market. Notes with strong eye appeal, original paper quality (EPQ/PPQ), and crisp details command premium prices at auctions and dealer sales.

Conclusion

The 1891 $1 Treasury Note (Stanton Bill) is a stunning and historic piece of rare U.S. paper money. With its intricate design, large size, and unique place in American financial history, this bill is a must-have for serious collectors and investors. If you are looking for a scarce, visually striking, and historically significant banknote, this Stanton Treasury Note is an exceptional find!