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Executive Currency - Offering Rare Paper Money for the Connoisseur

 
25 & 50 Cent Fractional PAIR=4th and 5th issue respectively=GREAT PAIRING=Ch CU
 
25 & 50 Cent Fractional PAIR=4th and 5th issue respectively=GREAT PAIRING=Ch CU
Larger Image
$295.00
$245.00
 
 
Description:

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 cents. 

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. 

  

note grades:

 

CHOICE CRISP UNCIRCULATED 

 additional comments:

Great paring with nice coloring, bright paper, and brilliant green inks on the back

 

 
         
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