Faced with severe hoarding of coinage during the Civil War, the Federal government was forced to issue small change paper money, known as "Fractional Currency" to alleviate the situation. Several different series of notes were issued between 1862 and 1876, all in denominations less than one dollar.
From the first issue of Postage Currency, so named because of the postage stamp designs, to the odd 3 Cent note (issued because the cost to mail a letter was 3c) and the unusual 15 Cent note, Fractional Currency is a fascinating and affordable way to collect early U.S. paper money. This field has enjoyed great popularity in recent years and continues to amaze generations of collectors.
A beautiful deep ink register Premium Gem note. Red Back. Also enhanced by having plate number 57 in the lower left corner of the back side.
F-1302, Scarce issue on non-watermarked paper.
F-1309, Portrait of Robert Walker, Sec of the Treasury 1845. Short Key variety.
Inverted Reverse. Very scarce.
Complete Uncut Sheet of 20. In actuality though only minor handling appears on the sheet and even then only in the wide margin areas. There is absolutely no sign of circulation or actual folding of the notes. A truly pristine showpiece for those that appreciate the rapidly diminishing combination of quality and great rarity. First we've been fortunate enough to offer in many years.
PCGS. Very Ch-64. Spinner.
Justice. Scarce #. A beautiful note that many would call gem.
Portrait of Spinner with red reverse.
F-1376, Portrait of Edwin Stanton, Sec of War under Lincoln.