384
1863 5c Fractional Currency, 3rd Issue, Green back Grades Select CU
Currency:USD
Category:Coins & Paper Money
Start Price:20.00 USD
Estimated At:50.00 - 200.00 USD
SOLD
90.00USD+ buyer's premium + applicable fees & taxes.
This item SOLD at 2020 Jul 13 @ 23:45UTC-4 : AST/EDT
Did you win this lot?
A full invoice should be emailed to the winner by the auctioneer within a day or two.
1863 5c Fractional Currency, 3rd Issue, Green back Grades Select CU. Fractional or postage currency has a rich history. At the beginning of the Civil War people started 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. In the 3rd issue, all of the notes higher than three cents are all signed by banking officers. These were the first notes from the fractional series to include officer signatures. All third series notes were printed between December 5, 1864 and August 16, 1869. This is the only series to be used during and after the Civil War.
Auction Location:
148 Route 73, Suite 3-284, Voorhees, New Jersey, 08043, United States
Previewing Details:
Online ONLY.
Buyer's Premiums:
| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
Infinite |
21% |
Additional Fees:
Shipping Details:
No Info Available
Payment Details:
No Info Available
Accepted Payment Methods:
- VISA
- Master Card
- AMEX
- Discover
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