624
PCGS 1863 US Fractional Currency 5c Third Issue fr-1237 Rare Red Rev Spencer M. Clark Graded au58 PP
Currency:USD
Category:Coins & Paper Money
Start Price:20.00 USD
Estimated At:100.00 - 200.00 USD
SOLD
110.00USDto floor+ buyer's premium
This item SOLD at 2021 Dec 07 @ 20:56UTC-05:00 : EST/CDT
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PCGS 1863 US Fractional Currency 5c Third Issue fr-1237 Rare Red Rev Spencer M. Clark Graded au58 PPQ By PCGS. Spencer M. Clark was the first Superintendent of the National Currency Bureau, today known as the Bureau of Engraving and Printing, from 1862 to 1868. 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.
Auction Location:
148 Route 73, Suite 3-284, Voorhees, New Jersey, 08043, United States
Previewing Details:
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Buyer's Premiums:
| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
Infinite |
21% |
Additional Fees:
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