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.
Bold embossing and vivid ink.
Portrait of George Washington with surcharge "18-63" and "2" on the reverse. The bronze oval from is strong and nicely centered.
With Surcharge '18-63' and 'S'. Vivid color and well centered.'Hinged' noted is neither readily noticeable nor distracting.
Scarce issue on non-watermarked paper.
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.
Great eye appeal.
PCGS. Very Choice New-64. Spinner, Green Reverse, Type 1, With Design Letter a.
Justice. Scarce #. A beautiful note that many would call gem.
Spinner obverse with the green reverse. Although the holder indicates this is Fr 1339 in our opinion it is actually Fr 1341, with design figure 1 on the obverse.