***Auction Highlight*** Mint Error 1863 US Fractional Currency 50c Second Issue fr-1318 Washington I

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  Lot #38  (Sale Order: 24 of 613)  
Sold for: $120.00 to onsite
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***Auction Highlight*** Mint Error 1863 US Fractional Currency 50c Second Issue fr-1318 Washington In Oval Grades Select AU. 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 Summer Splash Coin Consignments Auction 5 of 6
 Thursday, Aug 19, 2021 | 5:45 PM  Eastern
 
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***Auction Highlight*** Mint Error 1863 US Fractional Currency 50c Second Issue fr-1318 Washington I
***Auction Highlight*** Mint Error 1863 US Fractional Currency 50c Second Issue fr-1318 Washington I
Lot number: 38
Seller: Key Date Coins
Event: Summer Splash Coin Consignments Auction 5 of 6
Ends: Thursday, August 19 | 5:45 PM  Eastern

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