4th Issue 50 Cent Fractional Currency Note Abraham Lincoln
Item #: WR1665
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This is a United States of America 50 cent fractional currency note used during the post Civil War years. This note measures 4 1/8" wide and 1 13/16" high. Fractional currency notes, of which there are several varieties, denominations and issues, emerged during the Civil War. Once the war began, the public chose to hold onto coins because of their value as precious metal. The result was fewer coins available for circulation. To remedy the situation, Congress in 1862 authorized the use of postage and other stamps for paying debts to the US government. This created the shortage of postage stamps. To solve this problem, notes in denominations of less than $1 were used. These notes were known as postage notes because their design s were taken from existing postage stamps. Later issues of such notes in denominations under $1 had designs more in keeping with the appearance of currency notes. These issues were known as Fractional Currency and were authorized in 1863. The Bureau of Engraving and Printing was a new department at the time of the first issue of Fractional Currency, and so the currency was produced by two private companies, The American bank Note Company and the National Bank Note Company. There were five issues of the fractional notes, this note being of the fourth issue. This series was issued in 10cent, 15 cent, 25 cent and 50 cent denominations. This series of notes was the first to bear the Treasury seal and was issued from 14 July, 1869 through 16 February, 1875. The 50 cent note was issued with the image of Abraham Lincoln, Edward Stanton or Samuel Dexter, this note bears the image of Lincoln. The note is in circulated condition and shows the effects of being handled. The upper left corner has a small section missing, the upper right corner is folded over. That being said, the bill still displays great and will make a nice addition to any currency collection.
Shipping Weight:
1 lb
Your Price $100.00 USD
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