1863 US Fractional Currency 5c Second Issue fr-1232 . Grades vf++

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  Lot #10638  (Sale Order: 366 of 470) 
Sold for: $40.00 to onsite
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Location: Voorhees, NJ



 
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1863 US Fractional Currency 5c Second Issue fr-1232 . Grades vf++. Fractional or postage currency has a rich history. At the beginning of the Civil War people starting hoarding coins for their precious metal content. Coins became difficult to find because of the hoarding. People started to try to use stamps instead of coins as a means of commerce. The government decided to help ease the hoarding issue by issuing “paper coins” also known as postage currency or fractional currency. Fractional currency was first issued on August 21, 1862 and they were last issued on February 15, 1876. Three cents, five cents, ten cents, twenty-five cents, and fifty cents notes were all issued. Fractional currency is physically smaller than other United States money. It also does not have a serial number.

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This item is part of The Abe Fillmore Collection Rare Coin Auction 16SP
 Thursday, Apr 24, 2025 | 7:00 PM  Eastern
 
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1863 US Fractional Currency 5c Second Issue fr-1232 . Grades vf++
1863 US Fractional Currency 5c Second Issue fr-1232 . Grades vf++
Lot number: 10638
Seller: Key Date Coins
Event: The Abe Fillmore Collection Rare Coin Auction 16SP
Ends: Thursday, April 24 | 7:00 PM  Eastern

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1.178.0.1664.a45959c.15.248