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Executive Currency - Offering Rare Paper Money for the Connoisseur

 
10 Cent Fractional=Fr. 1264=SATIRICAL MEREDITH=BISHOP or CARDINAL=PRE-1900=AU
 
10 Cent Fractional=Fr. 1264=SATIRICAL MEREDITH=BISHOP or  CARDINAL=PRE-1900=AU
Larger Image
$175.00
$145.00
 
 
Description:

10-CENT FRACTIONAL

 

SATIRICAL MEREDITH

BISHOP or CARDINAL

 

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: 

ABOUT UNCIRCULATED 

additional comments:

Historical fiscal relic pre-dates 1900

Portrait includes robe, cross, grey hair and 

the beginnings of a red cardinal's hat


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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