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Executive Currency - Offering Rare Paper Money for the Connoisseur

 
10 Cent Fractional=Fr. 1264=SATIRICAL MEREDITH=SALVADOR DALI or MATADOR=VG
 
10 Cent Fractional=Fr. 1264=SATIRICAL MEREDITH=SALVADOR DALI or MATADOR=VG
Larger Image
$95.00
$75.00
 
 
Description:

10-CENT FRACTIONAL

 

SATIRICAL MEREDITH

SALVADOR DALI

or MATADOR

 

Fr. 1264

 

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.

note grades: 

VERY GOOD 

additional comments:

PRE-1900

Simple execution

Brown ink

There are some minor erosions in the note, though it does not detract from this historical fiscal relic


the note illustrated is the exact one you will receive


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.

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For more information on this piece, please contact our office 586.979.3400

 
         
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