25 and 50-CENT FRACTIONAL PAIR
4th and 5th ISSUE
25c 4th issue
50c 5th issue
Fr. 1314-SP (wm)
Fractional currency was
introduced during the Civil War and were issued from Augtust 21, 1862 to 15
February 1876. These notes were issued
in denominations of 3 cent, 5 cent, 10 cent, 15 cent, 25 cent and 50
The U.S. government hoarded
coins for their bullion value and stopped exchanging paper money for silver and
gold coins. U.S. Treasurer Francis E.
Spinner helped create a solution to the coin shortage with the creation of
postage currency, which later led into Fractional Currency. The introduction of these notes played a key
role in economy during the Civil War.
Specimens are printed only on
one side and are printed on very thin paper. These notes bear the word specimen
on one side and the currency image on the other.
CHOICE CRISP UNCIRCULATED
Great paring with nice coloring, bright paper, and brilliant green inks on the back