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A $5 bill with Santa Claus on it was once a legal tender

In the 1850s, the Howard Banking Company printed legal tender with Santa Claus on his sleigh with reindeer. From the time the American Revolution ended until 1861 private banks were the ones who printed legal tender.

Today, the federal government issues all of the paper currency in the United States. Anyone else doing it is committing a federal crime. The money from back then is now called “obsolete bank notes”. Each bank made their own paper money and they often ended up being quite colorful.

In the 1850s, several banks used Santa Claus in their money. The Santa who graces this Howard Banking Company bill is descended from Sinter Klaas, a traditional figure brought by Dutch settlers to New York in the 17th century.


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