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1874 twenty five cents 25c Fractional Currency, Short Key . . Grades vf++

Currency:USD Category:Coins & Paper Money Start Price:10.00 USD Estimated At:NA
1874 twenty five cents 25c Fractional Currency, Short Key . . Grades vf++
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1874 twenty five cents 25c Fractional Currency, Short Key . . 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 Òpaper coinsÓ 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. Fifth issue fractional notes were issued between July 1874 and February 15, 1876. That is a fairly short printing time period.