1870's US Fractional Currency 50¢ Fourth Issue Fr-1376 Grades vf++

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  Lot #15  (Sale Order: 15 of 763)  
Sold for: $45.00 to onsite
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1870's US Fractional Currency 50¢ Fourth Issue Fr-1376 Grades vf++. A stunning Fourth Issue 10 Cent Fractional seen with marvelous centering and good size margins. 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 Holiday Hoopla Coin Consignments 4 o f 7
 Wednesday, Nov 25, 2020 | 6:30 PM  Eastern
 
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1870's US Fractional Currency 50¢ Fourth Issue Fr-1376 Grades vf++
1870's US Fractional Currency 50¢ Fourth Issue Fr-1376 Grades vf++
Lot number: 15
Seller: Key Date Coins
Event: Holiday Hoopla Coin Consignments 4 o f 7
Ends: Wednesday, November 25 | 6:30 PM  Eastern

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