US Fractional Currency 10c 2nd Issue fr-1244 Washington W/o Surcharge Grades vf details

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  Lot #15979  (Sale Order: 3155 of 3308) 
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US Fractional Currency 10c 2nd Issue fr-1244 Washington W/o Surcharge Grades vf details. 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 Entire Boston Rare Coin Collector Estate 12 pt 2
 Thursday, Mar 28, 2024 | 10:00 AM  Eastern
 
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US Fractional Currency 10c 2nd Issue fr-1244 Washington W/o Surcharge Grades vf details
US Fractional Currency 10c 2nd Issue fr-1244 Washington W/o Surcharge Grades vf details
Lot number: 15979
Seller: Key Date Coins
Event: Entire Boston Rare Coin Collector Estate 12 pt 2
Ends: Thursday, March 28 | 10:00 AM  Eastern

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