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Executive Currency - Offering Rare Paper Money for the Connoisseur

 
5 Cent Fractional==WIDE SPECIMEN==Fr. 1232-SP (wm)==Retail $200==Ch New 63
 
5 Cent Fractional==WIDE SPECIMEN==Fr. 1232-SP (wm)==Retail $200==Ch New 63
Larger Image
$135.00
$115.00
 
 
Description:

5-CENT FRACTIONAL SPECIMEN

 

Fr. 1232-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 NEW 63

additional comments:

has a small area of ink erosion/burn

please study the hi-resolution image yourself

REFER to the SCAN to EVALUATE the CENTERING, EMBOSSING, INKS, ALIGNMENT,

to formulate an independent opinion as to the quality and suitability of the piece,

then use your own impression to decide the amount to bid

 

 

 

based upon dealers' price lists, eBay, and other auctions,

this note has a RETAIL VALUE

 

  in this exact grade to:

$200

we encourage you to verify this for yourself

 

 

the note illustrated is the exact one you will receive

 

 

 

Although we believe our starting price is very fair and aligns with the demands of the current market, please do not hesitate to make a sensible counteroffer if you believe a discount will land this item into your collection.

 

 
         
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