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.
RARE ISSUE featuring a bust of ABRAHAM LINCOLN on the right end of the note.
with nice embossing...tightly trimmed.
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:
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.